Still, the gap between restaurant prices and grocery prices increased by 10 basis points in favor of grocery prices during the month.
This article first appeared in Nation’s Restaurant News.
The index for full-service meals rose 0.2% over the month as did the index for limited-service meals. The index for limited-service meals increased 3.8% over the last 12 months, while the index for full-service meals rose 3.7% over the same period. By comparison, limited-service meals were up by 4.1% year-over-year in September, versus full-service meals, which were up 3.9%.
“For businesses, this may signal a need to keep a close eye on cost structures, as rising prices continue to impact operating expenses and consumer purchasing power,” said Restaurant365 CEO and Co-founder Tony Smith. “In sectors like dining, where pricing is sensitive, it’s essential to strike a balance between covering costs and remaining accessible to consumers. Careful management of resources and strategic adjustments will be crucial as companies navigate this gradual shift.”
Read more at Nation’s Restaurant News.
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