Wholesale Food & Commodity Prices [July 21, 2008]
Wholesale Food Prices Rose Sharply in June
Wholesale food prices posted a strong increase for the second consecutive month, according to preliminary figures from the Bureau of Labor Statistics. The wholesale food price index jumped 1.7 percent in June, after increasing 1.2 percent in May... More »
Menu & Consumer Prices [July 21, 2008]
Inflation Rate Hit the 5% Level in June, with Grocery Store Prices Posting Stronger Growth; Menu Prices Lag Behind
Menu price growth continued to accelerate in June, but still remained below gains in grocery store prices, according to data from the Bureau of Labor Statistics. Menu prices rose 0.5 percent in June on a seasonally-adjusted basis, up from a 0.4 percent gain posted in May... More »
Menu & Consumer Prices [July 21, 2008]
Menu Price Growth Strongest in the Midwest and South
Restaurants in the Midwest and South led the nation in menu price growth in recent months. In the 12 months ending June 2008, menu prices in the Midwest and South increased at rates of 4.7 percent – slightly above the 4.4 percent menu price gain on the national level... More »
Sales Trends [July 21, 2008]
Restaurant and Bar Sales Edged Down 0.2 Percent in June
After posting three consecutive solid gains, restaurant and bar sales fell off somewhat in June, according to preliminary figures from the U.S. Census Bureau. Restaurant and bar sales totaled a seasonally-adjusted $38.3 billion in June – down 0.2 percent from May’s record high of $38.4 billion... More »
Restaurant Employment Trends [July 21, 2008]
Eating and Drinking Places Added 16,400 Jobs in June; 21st Consecutive Monthly Gain
In contrast to the trends in the overall economy, the restaurant industry continued to add jobs in June, according to preliminary figures from the Bureau of Labor Statistics. Eating and drinking places – the primary component of the restaurant industry which accounts for roughly three-fourths of the total restaurant and foodservice workforce – added 16,400 jobs in June on a seasonally-adjusted basis, their 21st consecutive monthly gain... More »
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