The recent foodservice price index offers cost prediction for food and drink in the catering industry in 2019, with a Brexit variable
In the UK, an exceptional year is expected in the foodservice market, according to the Foodservice Price Index (FPI) from CGA and Prestige Purchasing, with Brexit affecting prices. The average forecast indicated in the graph below is based on an inflation of 3.2% for 2019 (where 2018 was 3.3%), but exchange rates could be affected either positively or negatively by Brexit, the report says.
The graph offers its three scenarios for food and non-alcoholic drink prices, with upper and lower ranges of inflation depending on a ‘bad’ deal or ‘good’ deal. ‘No deal’ could see the hard Brexit predictions as wishful thinking, adds Prestige Purchasing CEO Shaun Allen.
Click image below for a larger view (Source: CGA/Prestige Purchasing)
Food and drink trends for 2019