Summer 2024 Market Report

Summer 2024 Market Report

Overview Since the start of 2024, the rate of food inflation has been in decline from a high of 7% in January to 2.9% in May [Source ONS]. Whilst this is welcome news for the hospitality industry, Spring 2024 has brought additional pressures on some sectors of the...
Market Report – Winter 2024

Market Report – Winter 2024

OVERVIEW From the highest annual food inflation rate in over 45 years (19.2%) recorded in March 2023, inflation in the year to December 2023 slipped to 8% * [Source: ONS Feb ’24], a welcome start to the New Year. Whilst this reduction is welcome to all in the...
Autumn Market Update, October 2023

Autumn Market Update, October 2023

Overview Whilst food inflation remains in double digits, there is light at the end of the tunnel with the latest ONS statistics reporting a fall in the headline annual food inflation.  The UK reliance on imports to bridge the gap in home grown/produced products...