High food and drink inflation set to extend into 2023 amid cost and supply crises

Foodservice prices in April were 10% higher than in April 2021, thanks to high energy costs and unstable global supply, the latest edition of the Foodservice Price Index from CGA and Prestige Purchasing shows.
It marked the third month of double-digit inflation in a row, and analysis by CGA and Prestige Purchasing suggested volatility in supply and costs was likely to fuel high food and drink prices for some time. The report predicted that further rises in inflation were possible in 2022, and that the rate was unlikely to fall below 7% until at least 2023. Click here to read the full article.