Economic News
May 18, 2022
Middle-Income Consumers Ordering From Restaurants Less
Ever-rising food away from home prices and record inflation may be to blame for more consumers cutting back on ordering from restaurants.
May 12, 2022
Full-Service Meal Prices Soar to Record Highs
Full-service meal prices hit a record high in April, while food away from home prices overall continue to rise.
May 9, 2022
Restaurant Industry Adds More Jobs in April
Though employment remains down from pre-pandemic levels, the industry continues to see monthly gains.
May 4, 2022
Tenure of Hourly Restaurant Employees Has Dropped Significantly, Says Black Box
The trend reporting firm says over 60% of employees have been with their employer for less than a year.
May 3, 2022
Restaurant Traffic Down From Last Year, Up From Two Years Ago
Restaurant traffic from the first quarter of the year didn’t beat last year’s, but it remains up from 2020 when the pandemic started, according to The NPD Group.
May 2, 2022
Worldwide Coffee Supply Chain Hits New High
New markets and age groups are turning to the caffeinated beverage, according to HostMilano.
April 27, 2022
Top 50 U.S. Restaurant Chain Rankings Announced
The Top 5 chains retained their ranks in The NPD Group’s 2022 report.
April 21, 2022
Dining Out Tops List of Inflation-Related Spending Cuts
42% of consumers polled say they’ll save by cutting back on eating out.
April 20, 2022
Restaurant Sales Growth Continues to Slow
While restaurants still are exceeding last year’s sales, the sales growth rate has slowed “considerably” in the last four weeks.
April 13, 2022
Restaurant Sales Enter Third Week of Single-Digit Growth
While restaurant sales growth improved for the week ending April 3, it slowed to single-digit growth for the third week.
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