The Consumer Prices Index (CPI) rose by 2.5% in the 12 months to December 2024, down from 2.6% in November, highlighting that we are still in an inflationary market year-on-year.
Food and non-alcoholic beverage prices rose by 2% in the year to December, unchanged from November. The Foodservice Price Index in November fell slightly to 2.0% from 2.2% in October.
The Retail Price Index (RPI) is now 3.5% vs 3.4% last month up 1% while the Producer Price Index (PPI) is now at 1.9%, up 0.1% from November.
Market movers:
UK KEY MARKET MOVERS (CPI)
The Consumer Prices Index (CPI) is a key measure of inflation in the UK. Movements in CPI give a high-level overview of the key categories experiencing inflation. Below is a monthly snapshot of the top food commodity price inflation movements impacting the UK. The data is from Office for National Statistics (ONS).
Percentage change over 12 months:
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, Oliver Kay, Dole UK, Birtwistles.
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