Latest NewsEating out prices rise at twice the rate of food in shops(30 December 2005 12:01)Prices at restaurants and other foodservice outlets have increased at more than twice the rate of food prices in general in the last five years, says a study by market analysts Horizons. Inflation in eating out prices has shown an aggregate growth of 16% since the start of 2001, it reports. This compares with overall inflation of 6% and food price inflation of 7%, according to Horizons. Despite the increased cost, consumers have continued to spend the same proportion of their income on eating out. Eating out accounted for 8.4% of spending in 2001-03 and is now at 8.3%. Food purchases by consumers in the foodservice sector grew from £24.3b in 2001 to an estimated £26.6b in 2005 - an increase of £2.3b. Article continues below
But once inflation is taken into account, the increase is just £600m, or 2.5%. Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.
Source: CatererSearch |
SPONSORED LINKSmost viewed newsBuy & Sell
|