The Cost Of Eating Out Is Skyrocketing, Are You Cutting Back?
The cost of eating away from home has increased at least 0.4 percent for 25 of the last 27 months! Are you doing anything about that?
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For 25 of the last 27 months (blue highlights not all shown, 2 exceptions in yellow) the monthly increase in the cost of eating out has risen at least 0.4 percent.
CPI Year-Over-Year Spotlight Food
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CPI data from the BLS, chart by Mish
Food Away From Home Year-Over-Year
- For 29 consecutive months dating to May of 2021, the year-over-year cost of eating out has risen at least 4.0 percent.
- For 24 consecutive months dating to October of 2021, the year-over-year cost of eating out has risen at least 5.3 percent.
- For 22 consecutive months dating to December of 2021, the year-over-year cost of eating out has risen at least 6.0 percent.
Tips Not Factored In
Tips are not factored into the CPI.
In my experience, the default tip rate on kiosks is rising as well.
What are You Doing in Response?
With the cost of eating out rising rapidly, are you eating out less, more, or about the same as a year ago?
— Mike "Mish" Shedlock (@MishGEA) October 12, 2023
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