Consumers paid 2.6% more at eateries in September year-over-year, data shows
October 31, 2011
– According to recent data from the U.S. Bureau of Labor Statistics, consumers paid 2.6% more at eateries in September year-over-year, Bloomberg reported Oct. 28.
Meanwhile, food prices at supermarkets rose 6.2%. Inflation for eating at home has accelerated faster than dining out during the past year, seeing its widest gap since 1990 in September.
Barclays Capital analyst Jeffrey Bernstein said restaurants monitor this differential because they don’t want to seem too aggressive with menu pricing when compared to the cost of food at home.
The primary source of this article is Bloomberg, New York, New York, on Oct. 28, 2011.