Wholesale Food Prices Jumped Again in October, Menu Price Gains Hit 3.9%

Wholesale food prices as tracked by the Bureau of Labor Statistics’ Producer Price Index recorded another strong increase in October across all three stages of production. Prices rose 2.4% at the final demand stage, 2.2% at the intermediate processed level, and 2.3% at the unprocessed level. The “all farm products, processed foods and feeds” gain…