Foodservice inflation dropped to 2.2% in October, but the Autumn Budget may push 2025 rates up by 2.3%.
Foodservice inflation fell to 2.2% in October, marking 16 months of decline, according to Prestige Purchasing and CGA by NIQ. Prices fell in six of ten categories, but the recent Autumn Budget may add 2.3% to the forecasted inflation rate for 2025, causing uncertainty. The CEO of Prestige Purchasing warned that additional wage and National Insurance costs could lead to a sharp rise in food and drink prices next year.
3 months ago
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