Trends
Wholesale Food Prices Down 5.6% From Year-Ago Levels
Latest News Wholesale Food Prices Down 5.6% From Year-Ago Levels Feb 7, 2024 By Bruce Grindy, Chief Economist, National Restaurant Association In the 12 months ending November 2023, average wholesale food prices declined 5.6%. That marked the seventh consecutive 12-month decline – and the largest year-over-year drop in more than 7 years. The recent slowing…
Read MoreRestaurant Industry Sales Forecast to Set $1.1 Trillion Record in 2024
Latest News Restaurant Industry Sales Forecast to Set $1.1 Trillion Record in 2024 Feb 6, 2024 Restaurants sales are forecast to exceed $1.1 trillion in sales this year, marking a new milestone for the industry that will employ over 15.7 million people in the United States by the end of 2024. This is all according…
Read MoreTikTok, International Comfort Foods, and Nashville Hot are Coming to a Restaurant Menu Near You
Latest News TikTok, International Comfort Foods, and Nashville Hot are Coming to a Restaurant Menu Near You Nov 24, 2023 2024 What’s Hot Culinary Forecast from the National Restaurant Association predicts top menu trends for next year Swipe. Like. Crave. More and more, the line between restaurant menus and home cooking is blurring, thanks to…
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