The last quarter has seen Consumer Prices Index (CPI) inflation remain relatively stable, 2% in May to 2.2% in August.
The market was less volatile than in previous recent quarters. Challenges persisted with quality and availability concerns, with Potato and Coffee prices rising rapidly. The conflict in the Middle East continues to disrupt Red Sea shipping routes with Freight Prices tripling in the past 12 months.
Let’s recap in more detail and understand further what we foresee in the next quarter...
Q4 Outlook
Below we're outlined our predictions and forecasts for the final quarter of 2024, delving into specific food and drink categories...
FINAL WORD
Regency continue to proactively mitigate availability issues and supply risk, putting solutions in place to reduce impact, such as product switches and recipe re-engineering.
When analysing the affects that inflation has on your businesses purchasing, it's important to understand that inflation affects not only the price of goods, but also the quality and availability - this is something that our team of procurement experts can assess in detail, to ensure our members are always achieving the best outcomes in all areas. To find out more about ways in which we can help save your business time and money, get in touch.
Sources: Foodbuy, ONS, Birtwistles, Dole, A David.
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