cga prestige foodservice price index (fpi) · 2020. 5. 18. · foodservice price inflation (fpi) is...
TRANSCRIPT
Price Index (FPI)Monthly Snapshot - October 2017
CGA Prestige Foodservice
Your source for accurate data, analysis and insights into today’s food prices.
2
To receive the full volumetric data, detailed category and subcategory performance and a more in-depth analysis, please [email protected] or [email protected] to purchase.To receive the full volumetric data, detailed category and subcategory performance and a more in-depth analysis, please [email protected] or [email protected] to purchase.
CGA-Prestige FPI Report - October 2017
97.396.8 97.2
97.9 98.198.9 99.3 99.5 99.6 99.4 99.2 99.4
100.2
102.2 101.8102.8
101.5 101.8102.4
106.7106.0
109.2110.0
108.4
110.8
108.8
96.0
100.0
104.0
108.0
112.0
Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17
CPI FPI
Perhaps the least cause of surprise this month is that the biggest volatility is in the
fish category. This time last year there was a 7.0% increase in inflation from August to
September, but this year we see a 7.7% decrease, resulting in a large swing in inflationary
movement. Looking at the short to mid-term, challenges with both cold and warm-water
prawns, the weather restricting cod and haddock landings, and a Christmas demand peak
for salmon all look to be a challenge for buyers.
Also of note is the large drop in the price of sugars, syrups, chocolate and confectionery
when compared to last year – helped by sugar (as a commodity) reaching a 10 year low in
price in July. Low cocoa prices have also contributed to this easing, although are forecasted
to increase – futures prices for cocoa are the highest they have been for six months.
In other categories inflation remains high for dairy products (12.8% year on year), and
we wait with bated breath to see whether recent drops in cream and butter commodity
prices are sustained. Inflation on oils and fats also remains very high, at 13.7% year on year.
Ongoing challenges with olive oil production are a key contributor here.
Interestingly, year on year inflation in the vegetables category has barely changed.
This time last year prices were 4.2% up on the previous year, and inflation now stands
at 4.9%. We would infer that this is primarily because a large proportion of our winter
vegetables are home grown and therefore exchange rates have had less of an inflationary
impact on this category.
Elsewhere across the categories it is a mixed bag, with year on year inflation up in hot drinks, cereals and soft drinks and down in meat when compared to the rate of inflation
as at last month.
Foodservice Price Inflation (FPI) is at 6.5% year-on-year for September 2017.
The level of inflationary movement has dropped this month and may be a sign that the impacts of exchange rate fluctuation post-referendum
have now filtered through to most of the food categories. Whilst prices are not generally decreasing, the sharp upwards movements that
characterised the second quarter of 2017 now appear to have abated.
CGA Prestige Foodservice Price Index (FPI) - Monthly Snapshot
Food & Non-Alcoholic Beverages - FPI vs CPI
Executive Summary
+6.5%
Prestige Purchasing are a leading expert in Value Chain. We provide knowledge, insight, and practical support to hospitality and foodservice businesses. We improve profitability by improving the way in which our clients source and manage what they sell. Our services are tailored to allow us to assist businesses of any scale in the sector. Offering a bespoke consultancy based model we offer services contextualised in the statements below for our clients. Supply OptimisationFor growing businesses that have not yet established a mature supply chain function we provide outsourced services that deliver profit improvement through the application of best in class techniques, using our team of experienced and capable buyers.
Procurement TransformationFor established businesses that have yet to establish “strategic procurement” and wish to introduce national, regional or global supply arrangements, often establishing their own team to develop and maintain them. Procurement Support ServicesA portfolio of services to support fully established procurement and supply chain teams in their mission to add value to their organisation. Services include Insight, Training, Analytics and Benchmarking. Our services are 100% Transparent FIXED fee based and deliver between 2 and 7 times return on investment all backed up with financial guarantees. We do not aggregate volume with other operators and build each project or service bespoke for each of our clients’ needs delivering the maximum benefit to our clients bottom line.
The copyright in this documentation is owned by Prestige Purchasing Ltd and CGA. You are not authorised to distribute the contents, or any part of the contents in either electronic or paper form without express written permission from both parties.
Office Address: Noble House, Capital Drive, Linford Wood, Milton Keynes, Bucks, MK14 6QP
Michael LukeCommercial Director T - 01908 222678E - [email protected]
Shaun AllenChief Executive OfficerT - 01908 324066E - [email protected]
CGA is the data and research consultancy of choice for the out-of-home food and drinks market, specialising in market measurement, consumer research and location planning.
What sets CGA apart is its unique ability to access the three key types of data (supply, demand and consumer) and then triangulate this data to provide the most complete and accurate picture of anyone in the out-of-home sector.
From its offices in Manchester, United Kingdom, and Chicago, United States, CGA experts work with many of the world’s biggest consumer brands, including drinks manufacturers, consumer brand owners, food suppliers and wholesalers as well as pub, bar and restaurant retailers and government entities.
Founded in 1985, CGA’s mission is to use its phenomenal data and expert insight of the leisure industry to give these brands the competitive edge, and get them where they want to be, faster.
Please contact CGA for questions relating to research and content:
CGAT: 0161 476 8330E: [email protected] us on twitter: @CGA_insights
Office Address: Strawberry Studios, Watson Square, Stockport SK1 3AZ
Graeme LoudonCommercial Director T - 0161 476 8382E - [email protected]
Fiona SpeakmanClient DirectorT - 0161 476 8122E - fiona.speakman@@cga.co.uk