Hospitality inflation climbs as pressure on sector persists

cityam02-18

Restaurant and hotel inflation bucked the wider trend Food and restaurant prices are rising at a faster rate than overall inflation, in a sign that cost and tax pressures on the hospitality sector are...

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href=https://www.cityam.com/hospitality-inflation-climbs-as-pressure-on-sector-persists/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Restaurant and hotel inflation bucked the wider trend Food and restaurant prices are rising at a faster rate than overall inflation, in a sign that cost and tax pressures on the hospitality sector are...</p>\n\n<a href=\"https://www.cityam.com/hospitality-inflation-climbs-as-pressure-on-sector-persists/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPI","symbol_name":"IQ Real Return 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from 3.8 to 4.1 per cent, according to the Office for National Statistics .While economists welcomed the easing headline rate and pointed to a likely Bank of England interest rate cut, hospitality figures have warned the sector’s nightmare year in 2025 is still casting a shadow.Investec’s note on Wednesday’s inflation figures said the uplift in restaurant and hotel prices stopped overall CPI from dropping further.He said: “While it’s welcome that headline inflation has eased to 3%, today’s figures show that hospitality continues to face stubbornly high cost pressures.“Despite some easing in food and energy prices, businesses are stil","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPI":"IQ Real Return ETF"},"translate_title":"由于行业压力持续存在，酒店业通胀攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPI":1},"content_text":"Restaurant and hotel inflation bucked the wider trend Food and restaurant prices are rising at a faster rate than overall inflation, in a sign that cost and tax pressures on the hospitality sector are unlikely to ease. While headline Consumer Prices Index (CPI) inflation dropped to three per cent in the year to January 2025, food and restaurant inflation climbed from 3.8 to 4.1 per cent, according to the Office for National Statistics (ONS).While economists welcomed the easing headline rate and pointed to a likely Bank of England interest rate cut, hospitality figures have warned the sector’s nightmare year in 2025 is still casting a shadow. Investec’s note on Wednesday’s inflation figures said the uplift in restaurant and hotel prices stopped overall CPI from dropping further.\n\nAllen Simpson, chief executive of trade body UK Hospitality, told City AM pubs, bars and restaurants will likely be forced to pass rising costs onto consumers despite easing overall inflation. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHe said: “While it’s welcome that headline inflation has eased to 3%, today’s figures show that hospitality continues to face stubbornly high cost pressures. “Despite some easing in food and energy prices, businesses are still grappling with high food and drink inflation and the prospect of significant increases in business rates.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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