Office for National Statistics
Coverage explores how economic data and labour market statistics from the UK’s national statistics agency inform business planning across the hospitality sector. Reporting includes updates on inflation, consumer spending, GDP, wage growth, vacancies, and employment levels, with analysis of how these indicators affect restaurant, pub, and catering performance. Insight is tailored for operators, finance leads, and strategy teams using ONS data to benchmark trading conditions, forecast demand, and shape workforce planning.
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Aug- 2022 -17 AugustFood and Drink
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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Jun- 2022 -1 JuneBusiness
Almost half of businesses hit with price increases
Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April 2022 had increased from March 2022, while 23% reported that prices sold had increased across the same period. According to the Office for National Statistics (ONS), 12% of businesses that…
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Mar- 2022 -30 MarchFeatures
Sunak’s Spring Statement: What it means
“Businesses are going to be incredibly challenged to sustain themselves, having just begun some recovery after Covid,” reveals Lionel Benjamin, co-founder of AGO Hotels. The hospitality industry was already “decimated” by the Covid-19 pandemic and now, following Sunak’s announcement, the sector is being further burdened with VAT rates going back…
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23 MarchNews
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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Feb- 2022 -25 FebruaryFeatures
Pay increases: A balancing act
“While the pandemic has impacted all industries, few have had to overcome ‘harder’ or ‘more numerous blows’ than the hospitality sector,” as evident from Peckwater Brands latest research. Whilst many challenges continue to hinder the industry today – it has decided to award “record” pay rises in a bid to…
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Jan- 2022 -21 JanuaryCoronavirus
10,000 more hospitality businesses now than pre-Covid, study suggests
There are 10,000 more UK hospitality businesses now than before Covid, according to new research from Stampede and storekit using Office for National Statistics data. The two startups said ‘The UK’s irrepressible hospitality sector: 2022 Industry Growth Report’ is “welcome news” as the UK hospitality sector emerges from another precarious…
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14 JanuaryBusiness
UK economy surpassed pre-Covid levels in November
Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November 2021, according to the latest Office for National Statistics (ONS) data. In the latest release, output in consumer-facing services grew by 0.8%, mainly because of a 1.4% increase in retail…
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13 JanuaryCoronavirus
Fifth of businesses report cancellations amid Omicron
Just over one-fifth (21%) of businesses that are still trading experienced an increase in cancellations from customers in the last month, as Omicron continued to impact businesses across the UK. The latest figures come from the Office for National Statistics, who asked businesses that had not permanently stopped trading if…
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Nov- 2021 -16 NovemberCatering Companies
The staffing nightmare before Christmas
The food and drink sector is of “vital importance to the UK economy, according to the trade association, UKHospitality, and no more so than the usual (barring Covid-aside) busy festive period. A latest report from the organisation shows that the sector alone contributes an astounding £120bn to the economy and…
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Oct- 2021 -20 OctoberBusiness
UK restaurants decrease rate of inflation, ONS reveals
The restaurant and hotel industry made the largest downward contribution to the rate of inflation in the 12 months to September 2021, the Office for National Statistics (ONS) reveals. The Consumer Prices Index (CPI) analyses the 12-month inflation rate between August and September 2021. According to ONS, restaurants and hotels…
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