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New inflation data from the Office for National Statistics showed that inflation stood at 8.7% in April, down from 10.1% in March. Food price inflation remained high, dropping only 0.1% to 19.1%.
UKHospitality Chief Executive Kate Nicholls said: “It’s encouraging that we have seen a more substantial drop in the overall rate of inflation, but it is worrying that food and drink inflation remains stubbornly high.
“This continued inflationary pressure shows there is a long way to go in this crisis yet. Food and drink are part of the core hospitality offering and it is becoming impossible for many to continue to absorb these costs.
“Sharp drops in energy, food and drink costs are urgently needed for businesses to remain viable and continue to serve communities across the country, create jobs and drive economic growth.”
