HomePizzaRestaurant costs outpacing grocery since inflation hit

Restaurant costs outpacing grocery since inflation hit

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Restaurant costs are growing sooner than grocery prices for the primary time since inflation turned an even bigger shopper difficulty over the previous yr.

The price of consuming outdoors the house is up 8.8%, whereas grocery procuring has seen an 8.4% bounce in the identical time interval, in accordance with a CNBC report citing Division of Labor information.

Full-service restaurant menu costs rose 8% between March 2022 and March 2023, whereas costs for limited-service meals and snacks had been up 7.9%, in accordance with a Nationwide Restaurant Affiliation put up.

Sharp will increase in meals and labor prices are having a dramatic influence on eating places’ backside line, in accordance with the NRA, as wholesale meals costs are up practically 13.2%.

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