Deflation
Coverage of falling prices, demand shifts, and economic indicators that affect consumer behaviour and business strategy across the UK hospitality sector. This section explores how deflationary pressures influence menu pricing, supplier negotiations, guest spending, and F&B margins, offering insight for operators, finance leads, and hospitality professionals preparing for trading conditions shaped by softer inflation and restrained household budgets.
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Jun- 2024 -26 JuneNews
Today’s news in brief – 26/06/24
Year-on-year hospitality inflation has fallen to 4.6%, the lowest recorded in 28 months by Prestige Purchasing and CGA’s Foodservice Price Index report, revealing more positive trends for the industry. May also saw month-on-month deflation of negative 0.4% – only the fourth such decrease in the last 32 months. Restaurant deliveries…
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26 JuneFood and Drink
Food prices fall as inflation hits 28-month low, CGA report finds
Year-on-year inflation for the hospitality sector has fallen to 4.6%, the lowest Foodservice Price Index figure recorded in 28 months by Prestige Purchasing and CGA’s Foodservice Price Index report, revealing more positive trends for the industry. May also saw month-on-month deflation of negative 0.4% – only the fourth such decrease…
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Apr- 2024 -4 AprilNews
Hospitality inflation more than two times higher than retail, CGA says
Food price inflation in hospitality remains more than double the rate seen in the retail sector despite steady easing over the last 12 months, the CGA Prestige Foodservice Price Index has revealed. In March 2023, the level of food inflation in hospitality and retail briefly converged at 19%. However, while…
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Jan- 2024 -26 JanuaryFood and Drink
CGA warns border checks threaten deceleration of foodservices inflation
Apprehensions are growing about a resurgence in inflation as a result of new border checks despite the recent general downward trend, CGA has revealed. The government is set to implement new paperwork requirements for EU businesses sending animal and plant products to the UK from the end of January, with…
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Oct- 2023 -3 OctoberNews
Today’s news in brief – 03/10/23
Greggs reported a 20.8% increase in total sales for the 13 weeks ending 30 September. Company-managed shop like-for-like sales also rose by 14.2%, driven by extended trading hours and increased app usage. Evening trade contributed to 8.8% of sales, and 13.1% of transactions were made through the Greggs app. The…
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3 OctoberNews
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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May- 2023 -12 MayFood and Drink
Foodservice price inflation falls below 20%
Foodservice price inflation fell to 18.9% in March, the first time it has dropped below 20% in five months, according to data from CGA’s Foodservice Price Index. The fall in March is the fourth consecutive fall in year-on-year inflation. While prices increased by 0.7% month-on-month between February and March, there…
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Feb- 2019 -8 FebruaryBusiness
Hospitality wages spike after months of deflation
The average hourly pay of workers over 25 in the UK significantly fell from £8.55 in June to £8.18 in November, before plateauing at £8.16 in December and rising to £8.38 in January. According to statistics from software provider for the leisure and hospitality industry Fourth, this is the first…
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Apr- 2018 -4 AprilFood and Drink
UK food inflation plummets to lowest point in a year
UK shop prices fell at the fastest pace since February 2017, with it deepening even further in March. Food inflation slowed down substantially in March, inflation standing at 0.4%, down from 1.6% in February. This is the lowest food inflation rate since February 2017, according to the British Retail Consortium.…
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