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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Feb- 2023 -28 FebruaryRestaurants
Various Eateries FY losses widen amid margin pressures
Various Eateries has seen its pre-tax loss widen to £7.2m, up from a loss of £3.7m in FY21, as profitability was impacted by higher costs and margin pressures. The group said it had resisted passing price increases onto customers in full “until there was more certainty around the trajectory of…
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23 FebruaryBusiness
Third of hospitality firms at risk of going under, says UKH
UKHospitality has revealed that 32% of hospitality firms are at risk of failure within the next year, despite hospitality sales in 2022 surpassing pre-Covid levels. The hospitality association said this is because sales remain “significantly behind 2019” in real terms due to inflation. The UKHospitality Quarterly Tracker, in association with…
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23 FebruaryFood and Drink
Foodservice price inflation sees first fall since September 2021
Foodservice price inflation dropped to 22% in January, a decrease of 0.9% from September, according to data from CGA strategy. While only a small decrease in inflation it represents the first fall in foodservice price inflation since September 2021. However, all categories remain in double-digit inflation, with oils and fats…
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22 FebruaryFood and Drink
Hospitality sees fourth straight month of YOY growth
The UK hospitality sector saw a 10.9% year-on-year sales increase in January 2023, its fourth consecutive month of growth, according to data from CGA strategy. This figure of 10.9% is ahead of the current rate of inflation, 10.1%, as measured by the consumer prices index from CGA. However, trading in…
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21 FebruaryTrade Associations
Hospitality leaders’ confidence rises though soaring costs still loom
Hospitality leaders remain “cautiously optimistic” despite soaring costs still threatening weaker businesses, according to the 2023 Business Leaders’ Survey from CGA by NielsenIQ and Fourth. The poll found that 47% felt confident about their business prospects over the next 12 months, up from 29% in CGA’s last survey three months…
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16 FebruaryRestaurants
Final quarter of 2022 ‘worst on record’ for restaurant closures
The final quarter of 2022 was the “worst on record” for restaurant closures, as 504 restaurant companies entered insolvency in Q4 of 2022, according to new data from Mazars. This marked an 11% rise against the previous quarter. Meanwhile, restaurant company insolvencies reached their highest level in four years in…
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15 FebruaryBusiness
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to a near 40-year high. According to the latest figures from the Office for National Statistics (ONS), on a monthly basis, inflation fell by 0.6% in January 2023, compared with a…
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13 FebruaryPubs and Bars
Pub insolvencies soar 83% in past year
Insolvencies among pub and bar companies have risen by 83% in the past year to a total of 512, according to accounting firm UHY Hacker Young. The firm has attributed the increase of insolvencies from 280 in 2021 to 512 in 2022 to the effects of the rail strikes paired…
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8 FebruaryGovernment
UKH welcomes new energy security department
UKHospitality has welcomed the creation of a new department for energy security following a restructuring of government departments yesterday (7 February), calling the move “good news” for the sector. The reshuffle saw the former Department for Business, Energy and Industrial Strategy (BEIS) split into three new departments, including the Department…
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6 FebruaryBeverages
Jan drinks sales rise 9% YOY
Average drinks sales in Britain for the seven days ended 28 January 2023 were 9% ahead of the same period in 2022, according to the latest data from CGA strategy. This increase follows double digit increases in the previous three weeks of January. Drinks sales rose 24% in the first…
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