Beverage inflation pushes Foodservice Price Index to new high
A change in adult drinking habits and the corresponding growth in soft drinks has seen non-alcoholic beverage inflation increase by 21.6% year-on-year in June 2019 bringing The CGA Prestige Foodservice Price Index overall measure to its highest index point to date.
Inflation in the mineral water, soft drinks & juice category has risen since September 2018 and shows no sign of slowing, it said.
It said that an explosion of new lines with refined flavour profiles and innovative packaging has led to premiumisation in the category and subsequent high levels of inflation.
By contrast, some food categories of the Foodservice Price Index recorded only small increases in inflation in June 2019. Contrary to the traditional seasonal drop, fruit was one of the few food categories to see month-on-month inflation.
CGA client director of food Fiona Speakman said: “CGA’s research has indicated a steady premiumisation in drinks over the last few years, and the latest edition of the Foodservice Price Index indicates the trend’s significant impact on prices.”
The exclusive Foodservice Price Index is jointly produced by Prestige Purchasing and CGA, using foodservice data drawn from 7.8m transactions per month.
Foodservice Price Index is jointly produced by Prestige Purchasing and CGA, using foodservice data drawn from 7.8m transactions per month.
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