Wholesale Food Prices Tick Up While Menu Prices Rise Again As Wage Rate Increases Continue

In spite of essentially flat prices at the wholesale level, foodservice operators continue to aggressively raise menu prices to try and cover rising labor costs. Menu prices rose 0.3% month-over-month in June, according to the latest Consumer Price Index data from the Bureau of Labor Statistics. On a seasonally unadjusted basis, menu prices are running…