Foodservice industry warned of continuing inflationary pressures

The catering industry has been warned to expect further rises in inflation in 2022, as factors including rising energy costs and unstable global supply continue to have a direct impact on prices right across the foodservice industry. That’s according to the latest edition of the Foodservice Price Index from CGA by NielsenIQ and Prestige Purchasing.
Foodservice prices in April were 10% higher than in April 2021 – a third month of double-digit inflation in a row. This analysis suggests volatility in supply and costs could fuel high food and drink prices for some time.
The report also predicts that further rises in inflation are possible in 2022, and that the rate is unlikely to fall below 7% until at least 2023. Click here to read the full article.