Inflation
Our coverage compiles our focused reporting on how inflation is impacting the UK foodservice and hospitality sector, from rising ingredient and energy costs to wage pressures, supplier pricing, and menu repricing strategies. We cover the knock-on effects across restaurants, pubs, bars, cafes, and catering firms, with expert commentary and operational insight to help owners, operators, and F&B executives respond effectively. Whether you’re managing margins, adjusting procurement, or making pricing decisions, this archive offers clarity on the inflationary forces reshaping the economics of hospitality.
-
Sep- 2024 -18 SeptemberNews
Today’s news in brief – 18/09/24
Comptoir Group has seen its loss after tax widen to £1.7m in H1, despite reporting a revenue rise of 7.4% to £15.9m. Adjusted EBITDA loss before highlighted items also widened to £0.6m from £0.3m a year earlier. The group has attributed its mounting losses to its sustained restaurant opening programme. …
Read More » -
18 SeptemberRestaurants
Restaurants and hotels help keep inflation steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of England’s target of 2%.It follows downward contributions from hotels and restaurants, with costs in the segment falling to 4.4% in the month, down from 4.9% in the year to July,…
Read More » -
11 SeptemberNews
Today’s news in brief – 11/09/24
Job vacancies have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. ONS figures also indicate that average earnings are 4% higher than a year ago, which UKH boss Kate Nicholls attributed to the LPC…
Read More » -
11 SeptemberTrade Associations
Hospitality vacancies fall below 100,000 for first time since pandemic
Job vacancies in food service and accommodation have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. However, vacancies still remain 5,000 higher than pre-pandemic levels of 93,000, the ONS’ labour market overview has revealed. …
Read More » -
5 SeptemberNews
Today’s news in brief – 05/09/24
Confidence of hospitality leaders has fallen to 49% from 4% in May, spelling a third consecutive quarter-on-quarter drop, according to CGA by NIQ’s latest Business Confidence Survey. Hospitality’s confidence has been sapped by several years of high inflation, and challenges in several key areas continue. Boxpark has begun refurbishing its…
Read More » -
5 SeptemberBusiness
Confidence among hospitality leaders falls by 4%, CGA finds
Just under half (49%) of hospitality leaders feel confident about prospects for their business over the next 12 months, down by 4% from May and a third consecutive quarter-on-quarter drop, according to CGA by NIQ’s latest Business Confidence Survey. Meanwhile, 36% of leaders feel optimistic about prospects for hospitality in…
Read More » -
2 SeptemberPubs and Bars
Drinks sales down for fourth week in five
Drinks sales in the UK’s managed venues saw a year-on-year drop of 5% for the week ended Saturday 24 August, according to CGA data. It follows mixed weather in many parts of Britain and an increase in overseas travel this year, which have both reduced spending over the summer holiday…
Read More » -
Aug- 2024 -29 AugustNews
Today’s news in brief – 29/08/24
The IoH has become a partner of the BoE’s banknote checking scheme, a free scheme for companies to protect their business from counterfeit banknotes and stay up-to-date on the latest banknote news. The institute has become a partner to help ensure its members and wider hospitality industry don’t fall victim…
Read More » -
29 AugustFood and Drink
Foodservice inflation falls to 3.1% in July
Foodservice rates fell to 3.1% in July, showing that inflation has now fallen for 13 consecutive months, according to Prestige Purchasing and CGA by NIQ’s latest Foodservice Price Index report. However, the report also indicated a slight uptick in month-on-month prices, with the whole basket of items increasing by 0.2%…
Read More » -
20 AugustBusiness
Hospitality insolvencies rise 13% in June
The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…
Read More »
