The food and drink sector received small but welcome relief on soaring prices as inflation dropped to 18.9% in March 2023, the CGA Prestige Foodservice Price Index reveals.
Year-on-year food inflation fell slightly to 20.6% in February 2023, the new CGA Prestige Foodservice Price Index reveals.
Foodservice price inflation fell slightly to 22.0% in January, the new edition of the CGA Prestige Foodservice Price Index (FPI) reveals. While only a small change from the Index’s record high of 22.9% in December, it marks the first drop in inflation since September 2021.
The CGA Prestige Foodservice Price Index (FPI) ended 2022 at record highs, with the Food basket nearly one quarter higher than December 2022. The FPI full basket which includes beverages ended slightly below this level at 22.9%.
CGA’s ‘Food Insights 22’ report offers a wide range of actionable data and expert analysis on many areas of out-of-home eating, to help suppliers and operators respond to the latest developments in consumers’ habits. It explores topics including emerging food trends, global cuisines, new menu options and the needs of consumers with dietary requirements.
A look at how the Out of Home landscape has changed throughout the pandemic and what this means for consumers and operators in the new norm.
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