Cost of eating out is rising a lot faster than buying groceries (and cooking at home)

That’s because the cost of going out to eat or getting take-out food is rising at the fastest pace in more than four years, easily eclipsing the increase in grocery prices.

Over the past 12 months the cost of meals prepared outside the home have climbed 3.1%, according to the latest consumer price index.Why such a disparity? Higher minimum wages in many parts of the country help to explain some of the increase in the cost of prepared foods, restaurant owners say. Economic studies on minimum wage increases generally find that some workers do benefit, while others might see their work hours reduced.

Grocery prices are less dependent on the cost of labor, especially as companies move to labor-saving technologies such as customer check-out registers and fully automated inventory controls.What’s more, the wholesale cost of many foods have waned recently owing to a weakened global economy. Softer demand has knocked down prices for staples such as pork, chicken, eggs, dairy and fruit.

Relatively lower grocery prices, however, probably won’t be enough to sway more consumers to cook their own meals. Research shows most Americans don’t like to cook — and that helps explain why they spend more than ever on meals they haven’t prepared themselves.We Want to Hear from You Join the conversation

Yes it sure is. You can even buy a bottle of water in these stores for a dollar its well over 2.00 now. Its getting ridiculous now! Prepare To Be Wise! is for everyone to read and adjust there lives.

No inflation here, move along now. 🤦🏼‍♂️

tra255 Sonnytoress11

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump's July Fourth celebration cost military at least $1.2 million - PentagonThe Pentagon said on Tuesday that President Donald Trump&39;s celebration of U.S. Independence Day, which included bringing tanks and equipment to Washington, cost the military at least $1.2 million (£962,927). Two Bradley fighting vehicles flanked Trump during his July Fourth speech last week, in Peanuts... Wasted taxpayers money on a gated party for his ego and his biggest donors. Guess he was too good for the *annual* celebrations on the Mall. About 3-minutes worth of support for illegal immigrants. I'd call it a good deal.
Source: YahooNews - 🏆 380. / 59 Read more »

Experts say Trump's tax plan cost charities $54 billion in donations as incentives disappeared'The amount is just jaw-dropping,' said Michel Nilsen, vice president of communications and public policy at the Association of Fundraising Professionals. 'Giving was hurt.' Every thing he touches crumbles! Bernie is giving even less isn’t he FakeNewsMedia
Source: Newsweek - 🏆 468. / 52 Read more »

Trump's 4th of July event cost Pentagon $1.2 millionThe Pentagon estimates that its total costs for the July Fourth 'Salute to America' event was $1.2 million and did not include the military flyover costs. But but he said it didn’t cost anything. The Holy Bible part 3 judgment Chapter 1. EACH AND EVERY thing in Asia Africa and Russia could be destroyed between twelfth July to twelfth August 2019, BECAUSE they would destroyed everything in the whole world
Source: ABC - 🏆 471. / 51 Read more »

Wait, Topshop's New Summer Dresses Are a Total Steal — They All Cost Less Than $100Prices so good, you can get two! topshop
Source: POPSUGARFashion - 🏆 28. / 68 Read more »

India's next moon mission will cost less than 'Avengers: Endgame' and 'Interstellar'If everything goes to plan, the Chandrayaan-2 mission would make India the fourth nation to complete a soft landing on the moon.
Source: Newsweek - 🏆 468. / 52 Read more »

NPR Choice pagenpr how much have our wars in the middle east cost While it would cost that munch, how much economic impact would it have to free these people of that debt? It may enable people to buy homes, invest for retirement, take a chance to start a new business. Perhaps we should hold this off until we're in the next economic crisis. Wait... who's debt is this?
Source: NPR - 🏆 96. / 63 Read more »