The food and drink industry’s rising inflation rates are impacting the foodservice sector’s supply chain. This is according to the CGA Prestige Foodservice Price Index latest report, jointly produced by CGA and Prestige Purchasing.
The findings have recorded an 11.1% increase in soft drink prices compared to the previous year, while fish prices have reached ‘record highs’ with an inflation rate of 23.8%. These increases follow the carbon dioxide shortage and the government’s sugar tax.
Rising fish prices have been triggered by salmon prices primarily and uncertainty over the future of fishing quotas.