Economic News
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 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.
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.
Restaurant Job Growth Picks Up in September
The industry added 60,000 jobs last month but remains 4.5% below pre-pandemic staffing levels.
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.
Dining Out Tops List of Where Consumers Worldwide Are Cutting Back Spending
A new report by First Insight surveys consumers in France, Germany, Italy, Spain, the U.K. and the U.S. to measure the effects of the “cost of living crisis” on spending.
Business Dining Improves in Q2, Though Inflation Could Delay Full Recovery
Dinova and Technomic predict the business dining index will reach 89 in Q3 but may stall in Q4 as economic conditions present challenges.
MAFSI Barometer Shows Q2 Sales Exceed Forecast Gain
Sales for the second quarter increased 14.3%, while MAFSI says the industry continues to normalize.
Consumer Confidence, Higher Menu Prices Drive August Sales Growth
Same-store sales growth for the month was 5.3%, a “significant” increase of 4.6 percentage points over July’s growth rate, says Black Box Intelligence.
Are Price Hikes Impacting Restaurant Consumers?
New reports explore inflation’s impact on consumers and offer operators tips to prevent losing out.
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