The Foodservice Price Index (FPI) report indicates a concerning rise in prices within the UK's hospitality sector, with a month-on-month increase of 1.0% in December. While year-on-year inflation decreased to 1.9%, all ten categories of the Index showed inflation, reflecting widespread price pressures. Despite some reductions in specific categories like vegetables and sugar, oils and fats remain a concern. The market faces additional challenges due to potential international trade disruptions, necessitating vigilant monitoring and flexible procurement strategies to manage inflation and safeguard businesses and consumers alike.
This month's figures are a reminder that the battle against inflation is far from over. While we've seen encouraging progress in the year-on-year trend, the month-on-month increase is a reminder we must stay vigilant.
The breadth of increases suggests that inflationary pressures are becoming more widespread across the foodservice sector. Operators need to remain vigilant and closely monitor price trends across all categories.
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