Wholesale Food Prices Fall For Fourth Month In Last Five, Now Are Only 1.1% Higher Than Year Ago

For foodservice operators who have been struggling with soaring prices for their two biggest cost inputs—food and labor—for more than two years, April’s Producer Price Index brought more welcome relief. The Bureau of Labor Statistics in its latest PPI released May 11, said the wholesale “all foods” index fell 0.6% month over month, the fourth decline in…