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.

The majority of Index categories maintained double-digit year-on-year inflation in December, and the Vegetables category recorded a rate above 20%, primarily driven by substantial increases in potato prices. Only one category, Oils & Fats, achieved deflation, with a 1.1% year-on-year decrease.

Inflation as measured by the CGA Prestige Foodservice Price Index (FPI) fell again during the month of November to 15.0% – its lowest level since July 2022.

Inflation as measured by the CGA Prestige Foodservice Price Index (FPI) decreased for the fifth consecutive month in October, dipping below 20% year-on-year at 16.7% – its lowest level since August 2022.

Inflation as measured by the CGA Prestige Foodservice Price Index fell for the fourth month in a row in September to reach 18.3%—its lowest level since August 2022.