Economic News

U.S.Bureau of Labor Statistics Consumer Price Index full service meals 1200x800 1

September 13, 2022

Continued Rising Food Costs Contribute to Inflation Increasing 0.1% in August

Full-service meal prices are up 9%, and limited-service meal prices are up 7.2% year-over-year.

September 7, 2022

FEA Outlook Survey Shows Optimism, Though Same Economic Concerns Persist

Of those surveyed, 83% anticipate business growth of at least 5% over the next year.

Restaurant Performance Index National Restaurant Association 1200x800 1

August 31, 2022

July RPI Falls for Second Consecutive Month

The National Restaurant Association’s Restaurant Performance Index, which tracks the health of the U.S. restaurant industry, took a dip in July, falling 0.5% to 100.8.

Restaurant sales fall amid inflation 1200x800 1

August 24, 2022

Inflation-Adjusted Restaurant Sales Declined in July

While nominal restaurant spending increased for the sixth consecutive month in July, inflation-adjusted sales told a different story.

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.

Restaurant Performance Index RPI National Restaurant Association 1200x800 1

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.

Black Box Intelligence Inflation 1200x800 1

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.

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