Bill Adams’ Post

The biggest frustration in the CPI report is restaurant prices. Food away from home rose 5.2% from a year earlier in December—by comparison, prices of food at home rose just 1.3%. Food away from home’s increase is down from March’s multidecade peak of 8.8%, but still faster than any time between 1983 and 2020. Wages for lower-paid occupations like restaurant jobs are growing faster than the U.S. average, creating price pressures that restaurants are passing on in higher prices. https://lnkd.in/daQEfHtq

Inflation Edged Up in December After Rapid Cooling Most of 2023

Inflation Edged Up in December After Rapid Cooling Most of 2023

wsj.com

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