NIQ foodservice price index shows hospitality food and drink prices rise 0.2% in July - NIQ News | RalliesNIQ foodservice price index shows hospitality food and drink prices rise 0.2% in July
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NIQ• August Foodservice Price Index shows July price rise
- NIQ’s August Foodservice Price Index showed hospitality food and drink prices rose 0.2% month-on-month in July.
- Global commodity rebounds kept inflation embedded, with sugar markets tightening on adverse weather and lower Brazil output.
- Meat and poultry returned to inflation as demand stayed firm, supplies tightened for pork and lamb, and feed costs remained elevated.
- Dairy inflation picked up as hot, dry European weather reduced raw milk availability, lifting cheese and milk powder prices.
- Vegetable prices fell on stronger domestic supply, while hot, dry conditions raised risks to future UK and European yields.
