Pricing gap between restaurants and grocers shrinks

In 2015 there was a problem that caused for a gap to widen between pricing for restaurants and grocers. Now finally in 2017 we are see the gap began to shrink and disappear. This is causing for brisk openings of new small chains of restaurants around the country. People should expect to see that inflammation to be around 1 percent in grocery stores this year. Although it is cheaper now, it should also be expected to raise slightly by the end of the year.

Key Takeaways:

• It might be cheaper to eat out rather than in-home.
• Restaurants are still successfully opening, despite increasing prices for their menus.
• Groceries are likely to get more expensive at the stores in the near future.

“In May, grocers cut prices by 0.2 percent, while restaurants continued raising them, increasing menu prices by 2.3 percent. The result: A gap of 250 basis points that was the narrowest since 2015.”

Read more: http://www.nrn.com/sales-trends/pricing-gap-between-restaurants-and-grocers-shrinks