In the latest 12 months, Britain has lost around one in 18 of its licenced premises – that’s 5,736 pubs, restaurants, bars and cafes – the new Hospitality Market Monitor from CGA by NIQ and AlixPartners reveals.
Inflation as measured by the CGA Prestige Foodservice Price Index fell marginally to 21.7% year-on-year in July.
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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