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%.
December 2022 marks the eleventh consecutive month of double-digit inflation, after a year of intense inflationary pressures for foodservice businesses. Year-on-year inflation in the food basket of the Index—excluding beverages—was even higher at 24%.
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