Foodservice Price Inflation

Chain and QSR restaurants drive menu price increases to 14.4%

Chain restaurants drive menu price increases

By Restaurant

Food menu inflation has increased by 14.4% year-on-year, according to Lumina Intelligence’s latest Menu Tracker Quarterly Report of Q2 2023, driven primarily by chain restaurants and QSR operators.

Food prices in hospitality surge again

Food prices in hospitality surge again

By James McAllister

Inflation as measured by the CGA Prestige Foodservice Price Index rose again to 22.6% year-on-year in June — close to the record high of 22.9% in December 2022.

Hospitality remains stretched by rising prices

Hospitality remains stretched by rising prices

By Shwetali Sapte

Supply chain fragility continues to hit hospitality, with the cost of goods sold at 27.3% in February 2023, an increase of more than five percentage point in less than two years, according to new data from Fourth.

Food price inflation hits record high of 24%

Food price inflation hits record high of 24%

By James McAllister

The CGA Prestige Foodservice Price Index (FPI) ended 2022 at record highs, with the food basket nearly one quarter higher than December 2022 at 24%.

Foodservice price inflation hits 21.5%

Foodservice price inflation hits 21.5%

By James McAllister

The CGA Prestige Foodservice Price Index continued its strong upward trend during November 2022 to reach record inflation of 21.5%.

Food prices rise by a fifth in just 12 months as foodservice price inflation reaches 19.9%

Food prices rise by a fifth in just 12 months

By James McAllister

The CGA Prestige Foodservice Price Index (FPI) continued its relentless upward march again during October to hit 19.9% — a ninth consecutive month of double-digit inflation.

Food and drink price inflation surges to 3.5%

Food and drink price inflation surges to 3.5%

By James McAllister

Year-on-year foodservice inflation reached 3.5% in December 2021 with further prices rises forecast over the next three to six months, a new report from CGA and Prestige Purchasing shows.

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