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Restaurant prices up 5.1% in January as food costs continue to rise

Restaurant prices up 5.1% in January as food costs continue to rise

Newsy
Thursday, February 22, 2024 10:57:26 PM UTC

Prices at restaurants were up 5.1% last month compared to January 2023, according to the latest Consumer Price Index.

High prices at the grocery store are leaving consumers in a really tough spot these days. 

Shoppers in Buffalo, New York told Scripps News buying groceries weighs heavy on their budgets.

The latest data from the Agriculture Department show consumers spent 11.3% of their disposable income on food in 2022. 

The last time that figure was that high was 1991, after another period of soaring inflation. 

Now, food banks across the country — including one in Boynton Beach, Florida — say they’re serving more people.

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