Wholesale Food Prices Nudged Higher In May, Menu Price Increase Slowed

For the second time in three months, food prices at the wholesale level rose moderately in May, posting a 0.3% increase. Wholesale food prices for the 12 months are only 0.2% higher. Meanwhile, menu price increases moderated in May, rising only 0.2% versus April and are now running 2.9% ahead of year ago, compared to…