Wagamama owner warns food and drink inflation could hit 10%

The Restaurant Group says it still expects to meet full-year profit forecasts despite surge in costs

The owner of Wagamama, Frankie & Benny's and Chiquito expects food and drink inflation to reach as much as 10% this year, double the rate predicted just two months ago, as the war in Ukraine disrupts supply chains.

The Restaurant Group, which operates about 400 outlets, said it was working with its supply chain to offset the cost rises but warned this remains a volatile inflationary market".