Prestige Purchasing News Today

The latest official figures showed UK inflation fell to 2.3% in the year to April, the lowest in almost three years.

Latest Foodservice Price Index report shows promising trends as inflation levels in the foodservice industry approach normality.

Investegate announcements from Audited Annual Results and Notice of AGM

Despite the turbulent economic landscape and fall of M & A activity across the UK, PEMCF worked on over £350 million worth of projects during the 12 months to March 2024, advising over 40 clients on company transactions, financial due diligence reports, valuations, capital fundraisings and strategic reviews.

Food Inflation as measured by the CGA Prestige Foodservice Price Index (FPI) fell again during the month of November to 15.0% - its lowest level since July 2022.

The fresh produce industry has been going through some tough periods recently with weather conditions fuelling price hikes, according to Prestige Purchasing.

Year-on-year inflation in foodservice prices rose unexpectedly to 21.4% in April 2023, according to the new edition of the CGA Prestige Foodservice Price Index.

The food and drink sector received small but welcome relief on soaring prices as inflation dropped to 18.9% in March 2023, the latest CGA Prestige Foodservice Price Index reveals.

The hospitality sector has received a small amount of respite on increasing prices with inflation dropping to 18.9% in March 2023.

As UK CPI figures show a slight ease in inflation, businesses in the hospitality industry face a tough year ahead with food prices persistently high.