This article first appeared in Nation’s Restaurant News.
The inflation level in March cooled more than expected, registering an annual rate of 2.4% — a six-month low. Prices fell 0.1% in March, after rising 0.2% in February, according to federal data released Thursday morning.
It’s the first time prices have fallen month-over-month since May 2020, driven by lower energy prices.
Food prices, however, were a different story. Food away from home rose 0.4% in March, matching February’s increase and outpacing every month since at least September. Year-over-year, menu prices are up 3.8%.
Read the full article in Nation’s Restaurant News.
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