Food Inflation

14th November 2022

Inflation in food and drink prices hit a record high of 18.8% in
September, according to the CGA Prestige Foodservice Price Index.
After reaching 15% in August, the Index surged again during September.

This means inflation has been in double digits in every month of 2022
since January. Dairy and oils and fats prices rose most. Other core
products for hospitality, including meat, vegetables and fruit, were all
above 17% .

James Ashurst, client director at CGA by NielsenIQ, said:
“Britain’s best restaurants, pubs and bars still have a bright future, but
thousands of businesses weakened by two years of Covid-19 are now
extremely fragile. Government support is desperately needed to sustain
them through this storm.”