Commodities

Foodservice inflation hits 11.5% in June

Inflation in the foodservice sector hit 11.5% in June, marking the fifth consecutive month of double-digit percentage inflation, according to the CGA Prestige Foodservice Index. All 10 food and drink categories in the Index moved upwards year-on-year, with three (fruit, dairy, and oils and fats) recording inflation of more than…

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How the Hospitality Industry can combat the insolvency crisis

After a report from UHY Hacker Young showed that UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406, Kate Nicholls, CEO of UK Hospitality, warns that “it’s quite clear that this is just the tip of the iceberg”. The past quarter represented the largest number of restaurant…

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Foodservice Price Index hits record high as supply issues mount

Year-on-year inflation in the foodservice sector hit 13.6% in March 2022 due to the impacts of the war on Ukraine on key food commodities, according to CGA and Prestige Purchasing. The figure is the highest in the history of CGA’s Prestige Foodservice Price Index, and continues a surge in prices…

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Foodservice inflation hits double-digits in February

Cost pressures are intensifying as year-on-year inflation in the foodservice sector hit 10.2% in February 2022, according to the latest edition of the Foodservice Price Index from CGA and Prestige Purchasing. The double-digit increase was fueled by challenges including a surge in demand, the “lingering” impacts of Covid, additional costs…

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Inflation hits 30-year high at 6.2% in February

The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January, according to the Office for National Statistics (ONS). It revealed this is the highest CPI 12-month inflation rate in the national statistic series which began in January 1997, and the…

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Want to know who will win the election? Watch the pound

In recent years there has been a lot of talk about how badly wrong pollsters can get it. Nobody thought Trump would win, nobody thought Leave would win the referendum, indeed even elections have been too close to call. Though it now feels like a different historical epoch to look…

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Traceability: The rise of the conscious consumer

In today’s age, consumers are now looking to extend their consideration for the world beyond their own households and are adopting small changes in behaviour. The rise in the number of dedicated food-related campaigns such as British Food Fortnight and Seafood Week highlights the need for companies to support products…

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