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.
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Mar- 2024 -21 MarchRestaurants
Delivery sales at restaurant groups rise 8% in February
The UK’s top managed restaurant group saw year-on-year growth of 8% in delivery sales during February, according to CGA by NIQ’s new Hospitality at Home Tracker. The increase, which has beaten inflation, means groups have generated growth in at-home sales for nine months in a row. However, the value of…
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19 MarchRestaurants
Prezzo returns to profitability following strategic review
Prezzo has revealed that revenues rose to £135m from £95m in the year ended 1 January 2023, following an increase in menu prices and a focus on efficiency. As a result, the Italian casual dining group’s profit margin also saw an uptick from 31.2% to 35%. However, macroeconomic challenges during…
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14 MarchFood and Drink
Hospitality sales rise ‘modest’ 1.4% in February
Top hospitality groups across the country saw modest like-for-like sales growth of 1.4% in February, according to the latest CGA RSM Hospitality Business Tracker. The data has shown a slow start to 2024 within the sector, following marginal growth of 0.1% in January in the wake of strong trading over…
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6 MarchNews
Today’s news in brief – 06/03/24
The Gentlemen Baristas has been bought out of administration and sold for £785k. The chain previously called in an administrator from Parker Getty Limited back in January, after being “adversely affected” by higher costs of materials as well as the costs of sales and staff. Darwin and Wallace reported a…
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6 MarchNews
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…
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6 MarchRestaurants
Darwin and Wallace sales rise 1.8% in ‘challenging’ year
Darwin and Wallace, the operator of eight Greater London bar-restaurants, has reported a 1.8% rise in sales to £17.8m for the year ended 28 May 2023, despite macroeconomic challenges over the period. The group has attributed the erosion of its sales conversion and profits to an “incredibly” tight labour market…
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4 MarchNews
Today’s news in brief – 04/03/24
Foodservice price inflation decreased to 12.6% in January, according to new figures by the CGA Prestige Foodservice Price Index. It stated that the figures male up the seventh successive month-on-month fall in inflation as markets adjust to falling commodity pricing. Papa Johns will be closing 50 takeaways across the UK…
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4 MarchNews
Foodservice inflation slows in Jan, CGA finds
Foodservice price inflation decreased to 12.6% in January marking a drop of 1.2 percentage points from December’s rate of 13.8%, according to new figures by CGA. The CGA Prestige Foodservice Price Index stated that the figures male up the seventh successive month-on-month fall in inflation as markets adjust to falling…
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Feb- 2024 -22 FebruaryPeople
Hospitality confidence dips amid soaring costs
Some 41% of the UK’s top hospitality groups currently feel confident about the hospitality market over the next 12 months, down by 8% since October 2023, an exclusive poll by CGA by NIQ has reported. The proportion of leaders who feel optimistic about prospects for their own business in the…
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21 FebruaryAdvice
How hospitality businesses can survive in 2024
2024 has only just begun, and we’ve already witnessed a spate of small business closures across the hospitality sector. With the winding up of independent businesses across England, Wales and Scotland, questions have again been raised about the amount of governmental support available to one of the UK’s most beloved…
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