The latest Foodservice Price Index (FPI) report from Prestige Purchasing and CGA reveals more positive trends for the hospitality sector, with inflation dropping again in May 2024.

The latest Foodservice Price Index report from Prestige Purchasing and CGA brings encouraging news for the foodservice industry, with inflation rates returning towards more normal levels. The report for April 2024 indicates a significant year-on-year fall in inflation of 2.5 percentage points, continuing a steady trend towards stability in pricing that will be welcome news for both businesses and consumers.

Inflation as measured by the CGA Prestige Foodservice Price Index (FPI) fell below 10% in March for the first time in two years.

The new edition of the CGA Prestige Foodservice Price Index reveals food price inflation in hospitality remains more than double the rate seen in the retail sector despite steady easing over the last 12 months.

The CGA Prestige Foodservice Price Index recorded year-on-year inflation of 12.6% in January—a drop of 1.2 percentage points from December’s rate of 13.8%. It is the seventh successive month-on-month fall in inflation as markets adjust to falling commodity pricing.