Foodservice Price Index February 2024
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 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.
The CGA Prestige Foodservice Price Index recorded an inflation rate of 13.8% in December, marking a sixth consecutive month of decline. However, the pace of deceleration is slower than anticipated, despite moderation in price rises and the market stabilising.
With the latest food trends constantly evolving, CGA by NIQ’s Food Insights Report 2023 reveals the big trends in out of home eating that are likely to continue into the new year and where the opportunities for suppliers and operators lie.
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.
The Hot Beverages Spotlight Report gathers the food & drink habits of out of home consumers across Britain, to provide an understanding of who the hot drink consumer is, what their preferences are, key channels and occasions to target, as well as threats and opportunities to help inform and shape a winning hot beverage strategy
Inflation as measured by the CGA Prestige Foodservice Price Index decreased for a third consecutive month in August, but remains above 20% year-on-year.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.
What are the big trends in out-of-home eating, and where are the next opportunities for suppliers and operators? CGA by NIQ’s Karl Chessell and Andrew Hodgson shared top pointers from the Food Insights 23 report at the Casual Dining show last week. Here are just five of the growth opportunities they spotlighted.
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