Retail Food-Price Gains Significantly Outpaced Menu-Price Gains In March And Annually; Overall CPI Rises 1.2%

Food prices at grocery and other retail food stores leaped 1.5% higher in March vs. February, after a 1.4% monthly increase in February, as retailers responded to rising wholesale food-price gains the past few months. This data comes from the latest Consumer Price Index details released by the Bureau of Labor Statistics April 12. The year-over-year…