Wholesale Food Prices Jumped Again in October, Menu Price Gains Hit 3.9%; USDA Forecasts Moderation In 2021

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…