Economic News

Black Box Intelligence 1200x800 1
November 22, 2022

Full-Service Restaurants Reel in More Back-of-House Staff

At the end of Q3, full-service restaurants averaged three more back-of-house employees per location compared to June, according to Black Box Intelligence.

U.S. Bureau of Labor Statistics Consumer Price Index 1200x800
November 11, 2022

Food Away From Home Index Rises 0.9% in October

The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, showing food away from home prices rose 0.9% for the third consecutive month.

National Restaurant Association Restaurant Performance Index September 1200x800 1
November 9, 2022

Nearly Two-Thirds of Operators Planning Capital Expenditures

According to the National Restaurant Association’s latest RPI, 63% of operators are planning for equipment purchases, expansion or remodeling during the next six months.

Black Box Intelligence 1200x800 1
October 31, 2022

How Restaurants Performed in September

The decline in guest count continues to be the industry’s biggest challenge, says Black Box Intelligence.

Technomic 2023 Trend Predictions 1200x800 1
October 27, 2022

4 Trend Predictions for 2023

A return to on-premise dining and employees’ calls for better working conditions are among trend predictions for 2023.

McDonalds Brands That Are Beating Inflation 1200x800
October 26, 2022

Restaurant Reviews Mentioning Inflation Intensify in Q3

More consumers are searching for budget dining options amid high prices, according to a new report from Yelp.

September Consumer Price Index 1200x800 1
October 13, 2022

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

The food away from home index rose 0.9% last month, with menu prices now up 8.5% year-over-year.

Black Box Intelligene Q3 1200x800 1
October 13, 2022

4 Takeaways From Black Box’s Q3 Report

While large check growth helped restaurant sales in the third quarter, it negatively impacted traffic, according to Black Box Intelligence’s Q3 report.

Resetaurant staffing 1200x800 1
October 7, 2022

Restaurant Job Growth Picks Up in September

The industry added 60,000 jobs last month but remains 4.5% below pre-pandemic staffing levels.

Canada coffee The NPD Group 1200x800 1
September 23, 2022

Coffee Orders Rebound in Canada but Remain Down From Pre-Pandemic Levels

Restaurant coffee orders were up 13% for the year ending July 2022 but were still down 15% from three years ago.

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