The report for April 2024 indicates a significant year-on-year fall in inflation of 2.5%, continuing a steady trend towards stability in pricing.
While there is a degree of price stability across most segments, some areas are subject to fluctuation. This has led to the first month-on-month inflation since January.
Vegetables saw the highest month-on-month inflation of 1.4% due to extreme weather conditions, hampering planting and impacting crop yields, leading to scarcity and price hikes.
External factors like weather patterns and global events could continue to influence prices in the foodservice industry, urging caution for the sector's stakeholders.
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