The latest edition of the CGA Prestige Foodservice Price Index reveals that in some categories actual prices are starting to come down slightly compared with previous months, although in other key sectors the trend is still up.
Inflation in wholesale foodservice prices fell in July 2017, welcome news to the UK’s eating out operators who have experienced unprecedented food price inflation over the past 12 months.
This month’s Foodservice Price Index, produced by CGA and Prestige Foodservice, reveals that food inflation hit 7% in the 12 months to July 2017, down from its previous level of 8.8% in June 2017 and 9% in May.
The CGA Prestige Foodservice Price Index is jointly produced by Prestige Purchasing and CGA using data drawn from over 50% of the foodservice market and around 7.8m transactions per month. This is the final month that the full report will be available as a free publication. Contact firstname.lastname@example.org for further information.