Economic News
August 18, 2022
Economic Conditions Are Disrupting Restaurant Operations, Says New Survey
Nearly half of operators report that business conditions are worse than they were three months ago.
August 15, 2022
Restaurant Spending Sees ‘Surprise’ Uptick
The restaurant spending index rose 3.75% from July to August, according to the latest economy and spending report from Chain Store Guide.
August 10, 2022
Food at Home Prices Continue To Outpace Food Away From Home Index
Inflation for food at home is up significantly from price increases in the food away from home category, with the indexes in July at 13.1% and 7.6%, respectively.
August 2, 2022
IFMA Predicts Operator Spend Will Flatten in 2023
Despite a forecast for flat growth, IFMA says most segments will spend more due to inflation.
August 1, 2022
June RPI Falls to Lowest Level in 16 Months
While most restaurant operators continued to report higher same-store sales compared to last year, the National Restaurant Association says customer traffic readings turned negative for the first time since February 2021.Â
July 28, 2022
Customers Are Noticing Menu Price Hikes, and It’s Impacting Traffic, Says Black Box
Black Box says guests are noticing the continuous menu price increases, and it’s impacting traffic and sales.
July 13, 2022
Food Away From Home Costs Continue To Rise
Inflation surged again in June, hitting a new 40-year high—and restaurant menu prices weren’t spared.
July 11, 2022
Restaurant Spending Continues To Decline in July
Restaurant spending has been slowly declining since March, and it saw its biggest dip this year in July, according to the monthly Consumer Spending Report on retail sales by Chain Store Guide.
July 1, 2022
May TIndex Shows Restaurant Traffic is Softening Â
Foodservice sales have been gradually picking up since dropping in January, but they flattened last month.
June 30, 2022
What To Know From the Latest Restaurant Performance Index
While the National Restaurant Association’s RPI dipped in April, May proved to be a stronger month, with restaurant operators reporting positive same-store sales and traffic compared to last year.
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