Menu-price growth continues to outpace grocery store prices

Menu prices continue to rise at a healthy pace, according to data from the Bureau of Labor Statistics. Menu prices rose 3.2 percent in the 12 months ending August 2019, which tied with July for their strongest 12-month gain in 10 years. 

In contrast, grocery store prices registered a modest 0.5 percent gain in the 12 months ending August 2019. This represented the smallest 12-month gain in nearly a year. 

The overall Consumer Price Index (CPI) was up 1.7 percent during the last 12 months, while core CPI (excluding food and energy) rose 2.4 percent. The latter increase tied for the strongest 12-month gain since 2008

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.