Year-on-year inflation in foodservice prices rose unexpectedly to 21.4% in April 2023, according to the new edition of the CGA Prestige Foodservice Price Index.
Price increases had begun to slow in the first quarter of this year, and inflation dipped below 20% in March for the first time since mid-2022. However, the rebound in April underlines the severe cost pressures facing businesses throughout the foodservice sector at the moment.
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