The price gap between groceries and restaurants continued to narrow in December, according to the latest Consumer Price Index.
This article first appeared in National Restaurant News.
CPI data for December indicated that prices for food-at-home (groceries and supermarkets) rose by 1.8%, up 20 basis points from November’s increase of 1.6%.
That 1.8% increase compared with prices for food-away-from-home (restaurants) that increased by 3.6% year-over-year in December, equal to November’s 3.6%.
Joe Hannon, general manager for inventory and purchasing at Restaurant365, the consultancy, said:  “This morning’s CPI report brought some tough, though expected news — inflation ticked up, adding pressure on both businesses and families during and following the holiday season.
Read the full article in National Restaurant News.
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