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.
Price increase have slowed in both foodservice and supermarkets in recent months. However, the rate of easing has been faster in retail, as month-on-month inflation in supermarkets as measured by the Consumer Prices Index stood at just 0.3% in August—compared to 0.8% in the Foodservice Price Index.
The exclusive Foodservice Price Index is jointly produced by Prestige Purchasing and CGA by NIQ, using foodservice data drawn from 7.8m transactions per month. It contains myriad insights and information pertinent to the foodservice sector and is essential reading for anyone seeking to keep ahead of price trends and understand why they occur. More information on specific categories is available on a subscription basis.
For further information, contact Prestige Purchasing on 01908 222678 or stuart.read@prestige-purchasing.com.
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