Menu-price growth picked up in recent months

Menu-price growth accelerated in recent months, according to data from the Bureau of Labor Statistics. Menu prices increased 3.3 percent in the 12 months ending October 2019, which was nearly a full percentage point above the 12-month growth rate a year ago at this time.

In addition, the 3.3 percent gain represented the strongest 12-month increase in more than 10 years. 

Meanwhile, grocery store prices rose 1.0 percent during the last 12 months, while overall consumer prices were up 1.8 percent

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.