Inflation as measured by the CGA Prestige Foodservice Price Index fell marginally to 21.7% year-on-year in July.
Despite the slight fall of 0.9 percentage points, inflation remains only just below the Index’s previous peak of 22.9% in December 2022. The latest Index also reports a month-on-month increase of 0.7%—in contrast to supermarkets, where prices fell by 0.4% between June and July but the monthly monitor reveals some signs that some foodservice prices are starting to ease.
The Fish category recorded a 0.8% fall—its first month-on-month drop since July 2022. Dairy prices remained stable, and the month-on-month increase in the Vegetables category slowed by half, from 3.2% in June to 1.6% in July.