A Familiar September Cycle

Continuing a trend seen much of this year, wholesale food prices fell again in September, while menu prices continued to increase, according to the latest Producer Price and Consumer Price Index data from the Bureau of Labor Statistics.

The PPI for All Foods fell 0.3% in September, its fourth consecutive monthly decline, and is running 1.8% lower than a year ago. Menu prices, meanwhile, posted another 0.2% gain and are running 2.6% higher than a year ago, according to CPI data. Grocery store prices fell 0.1% in September and are only 0.4% higher than a year ago.

Labor-cost increases, not food costs, are driving the menu price increases, according to most observers.

RELATED CONTENT

PT Holdings Strengthens Service Division With Acquisition of Duffy’s AIS

The acquisition marks the fourth for Parts Town's parent since April.

Sandra Seitamaa

October TIndex Shows Slight Decline in Foodservice Industry

Technomic cites softness in travel and leisure and less traffic for independents as reasons for the decline.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -