Accelerating Wage Growth Leads to a Larger Gap Between Restaurant and Food Prices

November 13, 2019

Sarah Rawlins

November 13, 2019

Restaurant costs are rising somewhat faster than the price of food, with the former index up 3.3 percent over the last year, with the food at home index rising just 1.0 percent. This 2.3 percentage point gap reflects the healthy wage growth for low-paid restaurant workers, due to both higher minimum wages in many states and cities and the tightness of the labor market. For more, check out the latest Prices Byte.

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