Menu-Price Increases Moderated In July, But The Spread With Grocery Prices Remains Three Full Points

Food-away-from home price increases slowed in July to 0.2% month-over-month, according to the latest Consumer Price Index data from the Bureau of Labor Statistics. Despite the moderation, prices grew 4.1% during the past 12-months, the same reading as June and up from 4% in May. Month-over-month menu prices rose 0.4% in both May and June,…