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Story summary
- UK beef prices rose 25% year-on-year, driven by strong demand from the US and China, affecting BBQ and Sunday roast prices.
- The foodservice sector faces renewed inflation, with nine categories, especially Oils & Fats and Coffee, Tea & Cocoa, showing price increases.
- The CGA Prestige Foodservice Price Index reports a 4% rise in Meat & Poultry prices, with turkey supplies at typical Christmas levels.
- Vegetable prices decreased slightly by 1.2% due to a larger European potato crop.
- Experts caution that ongoing inflation will challenge hospitality businesses to balance menu prices with consumer value.
