Restaurants top groceries in sales despite inflation - Axios

Apr 14, 2023 · Americans are spending more money at restaurants than on groceries — and the gap has been widening. By the numbers: People spent 20.7% more at restaurants than they …

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Restaurants Top Groceries In Sales Despite Inflation - Axios

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Apr 14, 2023 · Americans are spending more money at restaurants than on groceries — and the gap has been widening. By the numbers: People spent 20.7% more at restaurants than they …

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Revenue At Restaurants Is Up, But Profits Are Down. - Axios

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Apr 24, 2023 · The numbers turned in favor of restaurants when the U.S. inflation rates began to steadily increase in 2015, peaking last year when inflation hit a 40-year high of 8.6%. Between …

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Food Prices Remain High, Slowed Slightly In December - Axios

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Jan 30, 2023 · The meteoric rise in food prices slowed slightly in December, per a new Axios analysis — but prices were still up more than 10% year-over-year, as groceries and …

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Inflation Gap Between Grocery, Restaurants Narrows

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11 hours ago · Restaurant menu prices rose 0.3% last month, maintaining a steady pace it has established over the past year, according to new federal data released on Wednesday. Over …

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Americans Continue To Spend Despite Naming The Economy And …

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Americans continue to spend despite naming the economy and inflation as top election concerns - A 1.6% jump in sales at auto dealers drove much of the gain of consumer spending in October

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Food Prices Continue Soaring Despite Inflation Falling - Axios

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Aug 10, 2022 · Plus, food price inflation hits low-income people the hardest as food eats a greater percentage of their budgets. By the numbers: Food prices rose 10.9% in July, compared with a …

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Axios - Americans Spent 20.7% More At Restaurants Than.

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Americans spent 20.7% more at restaurants than they spent on groceries in 2022, data shows.

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Axios - The Inflation Rate For Groceries Is Really Low... - Facebook

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The inflation rate for groceries is really low these days, with prices rising just 1.1% over the last year. But since January 2021, prices are up nearly 21%.

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FAQs about Restaurants top groceries in sales despite inflation - Axios Coupon?

Why is grocery inflation slowing down?

The current trend marks a slowdown in grocery inflation, reversing previous years when grocery prices increased faster than restaurant prices. This shift has been affecting McDonald’s, Olive Garden owner Darden Restaurants, and similar chains. ...

Is inflation hitting restaurants again?

That inflation is hitting consumers from every angle–gas, groceries, rent, name it. In April, the Consumer Price Index was 8.3% higher than last year. Historically, restaurants tend to be the first place they cut spending in such an environment. We may be starting to see this pattern again. ...

Are restaurants outpacing price increases during the inflation crisis?

In fact, sales growth of restaurants, bars etc. has been outpacing price increases throughout the inflation crisis. Since February 2020, food services and drinking places, as they are officially called, have seen sales surge by 40 percent. ...

Are grocery sales a sign of a slowdown in inflation?

One cautionary note is that grocery-store sales barely rose last month, a sign that many Americans may still be struggling to adapt to food prices that are still much higher than they were three years ago. Lorraine Thompson, who was food shopping this week at a Walmart in Secaucus, New Jersey, said she's not noticing any slowdown in inflation. ...

Which fast food restaurants have the most price changes?

Some fast-food restaurants, like Chipotle, had only minimal price changes, with an average menu item price difference of roughly 6 percent. Fast-food giant McDonald's, on the other hand, had the largest price increase. The average menu item's cost skyrocketed by 138 percent. At McDonald's, cookies skyrocketed in price the most. ...

Which restaurants have a high price difference?

KFC, Arby's and Taco Bell also showed some significant price increases, with the average menu item price difference somewhere between 23 and 34 percent over approximately the past 10 years. Carl's Jr., Cheesecake Factory and Subway had lower price jumps, with the average menu price difference coming in at between 7 and 18 percent. ...