Commodities

Foodservice YoY inflation holds steady at 1.8% in February

Foodservice inflation held steady at 1.8% year-on-year in February, while month-on-month inflation saw a slight decrease of 0.1%, according to the latest CGA Prestige Foodservice Price Index (FPI). While this reflects some stability for the foodservice sector over the past year, the underlying global economic factors and domestic policy changes…

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Foodservice inflation falls for 19th month in a row in January

Foodservice inflation has seen its 19th consecutive month of decelerated year-on-year inflation in January, according to CGA and Prestige Purchasing foodservice Price Index (FPI).  Monthly inflation in the total basket of items measured by the index stood at 1.8%, while month-on-month inflation was flat.  While this data brings a welcome…

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Foodservice price inflation falls for third consecutive month, says CGA

Inflation decreased for a third consecutive month in August but remains above 20% year-on-year, according to the CGA prestige foodservice price index. Price increases 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…

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Hospitality food inflation slows in July, CGA finds

Food inflation in hospitality fell marginally to 21.7% year-on-year in July, according to the CGA’s foodservice price index. Despite the slight fall of 0.9 percentage points, inflation remains only just below the index’s previous peak of 22.9% in December 2022.  The latest index also reports a month-on-month increase of 0.7%,…

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Hospitality food prices rise again as supermarket prices ease

Month-on-month food inflation in hospitality was more than five times higher at 2.2% compared to supermarkets where prices increased by just 0.4% in June, according to CGA’s prestige foodservice price index. It said the difference in prices is caused by a variety of factors, including the fact that top ten…

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Greggs sales rise 17% to £609m in Q1

British bakery chain Greggs has reported 17.1% like-for-like sales growth during Q1 of 2023. Total sales in the 19 weeks to 13 May 2023 were £609m, compared to £495m for the same period last year. The group said this year’s quarter results performed better than the same period last year,…

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Energy costs ‘biggest threat’ to pubs’ viability, report finds

Energy bills returning to their regular rate post-March would put pubs and brewers at a loss of 20% on average, according to a new report by Frontier Economics, produced for the British Beer and Pub Association (BBPA). The report found that energy costs were currently the biggest threat to their…

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Foodservice Price Index tops 15% for the first time 

Food and drink price inflation in hospitality hit 15% for the first time in the history of the CGA Prestige Foodservice Price Index in August, according to new data. A combination of droughts, the war in Ukraine and the “spiralling” costs of commodities, energy and labour throughout the supply chain…

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Greggs sales rise 15% in Q3

Greggs has seen its total sales rise by 14.6% for the 13 weeks to 1 October 2022, with company-managed shop like-for-like sales up 9.7% in the quarter.  Despite this sales boost, year-on-year growth slowed in August given the “particularly strong” staycation effect, though momentum returned in September. The closure of…

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Foodservice prices rise in July despite easing in commodity markets

The foodservice sector has seen continued price rises in July at 1.6% over the month and year-on-year inflation stayed in double digits for the sixth month in a row, despite a drop in food commodity markets, according to the latest CGA Prestige Foodservice Price Index. The sector is continuing to…

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