September CPI Rises 0.4%, With Food Cited as One of the Top Contributors

September Consumer Price Index 1200x800 1
The food away from home index rose 0.9% last month, with menu prices now up 8.5% year-over-year. Courtesy of Suad Kamardeen on Unsplash.

The consumer price index shot up 0.4% in September after rising 0.1% in August, and food remains one of the largest contributors to soaring inflation, according to the U.S. Bureau of Labor Statistics.

The food away from home index rose 0.9% last month, the same as August. Menu prices are now up 8.5% year-over-year, an increase of 0.5% from the month prior.

The index for full-service meals increased 0.4% (up 8.8% year-over-year), and the index for limited-service meals increased 0.6% (up 7.1% year-over-year). The food at employee sites and schools index rose 44.9%, reflecting the expiration of some free school lunch programs.

As restaurant operators work to offset high costs with menu price increases, Black Box Intelligence cautions them in a new report to take a more “moderate approach” to price hikes, saying it “will benefit restaurant companies looking to hold or strengthen their position in the market.”

The data firm’s third-quarter report, “State of Restaurant Sales and Traffic: Rebounding Profits, Not People,” finds that companies with the lowest check growth reported much higher traffic growth—up 16 percentage points over the 25% of companies with the largest increase in average check.

Overall inflation now sits at 8.2%.



TriMark Hires Longtime US Foods Employee

The dealer also announces an upcoming promotion and another new hire set to join next month.


From Egypt to Malaysia—Starbucks, Dunkin’ Perk Up Portfolios

The two well-known coffee chains debuted new international locations in March, each with their own significance.

- Advertisement -

- Advertisement -

- Advertisement -


- Advertisement -

- Advertisement -

- Advertisement -