Wholesale Food Prices Drop Again In February, While Menu Prices Rose 0.4% And Nearly 3% For 12 Months

Wholesale food prices dropped 0.3% in February, according to the latest data from the Bureau of Labor Statistics Producer Price Index. The February decline follows a sharp 2.3% drop in January, the largest one-month decline in nearly none years. But given price run-ups last year, prices still stand 1.3% higher than a year ago. Menu prices, meanwhile, rose another 0.4% last month,…