The January 2025 CGA Prestige Foodservice Price Index showed a 19th consecutive month of declining year-on-year inflation at 1.8%. Despite some stability in foodservice prices, concerns remain due to global economic and political uncertainties. Among the index's 10 categories, only fish saw deflation, while beef prices soared due to strong demand and lower production forecasts. The imposition of a 25% US tariff on aluminium may disrupt supply chains, escalating price volatility. Crude oil and natural gas prices also rose sharply, driven by geopolitical tensions and demand increases, complicating the foodservice landscape.
The recent imposition of a 25% US import tariff on aluminium adds further uncertainty, potentially disrupting global supply chains and causing price volatility in foodservice.
Beef prices have surged to record levels due to strong demand and lower production in 2025, with only fish showing year-on-year deflation.
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