Wholesale Food Prices Fell Again In July

Wholesale food prices fell for the sixth month in the last eight in July, according to Producer Price Index data from the Bureau of Labor Statistics. The All Foods Index was off 0.2% versus the prior month, following a half-point drop in June. Average wholesale food prices are down 0.9% during the past 12 months.

Meanwhile, on the consumer-price side, menu prices rose only 0.1% in July, the slowest increase since March. Menu prices were up 0.3% in May and 0.2% in June. Food-at-home prices rose 0.2% in July for the second month in a row. Still, menu prices have been increasing at a much faster rate than retail food prices. For the 12 months, retail prices are up only 0.4% while menu prices have risen 2.8%.

RELATED CONTENT

Publisher’s Note: Summer Planning

Let FER take equipment research off your to-do list as you hopefully enjoy some much-deserved time off.

Emerging Leaders 2025 Graphic

Get to Know 2025’s Emerging Leaders

Meet five future changemakers, age 45 and under and from different segments of the industry, who are filled with a passion for foodservice.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -