Cost of eating out increased in May, grocery prices steady: CPI

3 months ago 10

NEW YORK (PIX11) – The price of dining out jumped in May for the seventh month in a row, despite grocery prices remaining stable, according to new Consumer Price Index data released Wednesday. 

The price of eating food out of the house jumped by 0.4% from April to May. The biggest  jump was in full service meals, which saw a 0.4% jump, while limited service meals increased only 0.2%. 

US inflation cooled in May in a sign that price pressures may be easing

Over the last year, the price of meals away from home have increased by 4%, according to the U.S. Bureau of Labor Statistics. 

Despite the jump in dining out, Wednesday's report indicated that consumers are beginning to get some relief from the price spikes of the past three years. Grocery costs were unchanged, on average, from April to May, after actually falling 0.2% the previous month.

Food prices have risen just 1% over the past 12 months, though they're still up about 20% from three years ago.

The Associated Press contributed to this report.

Emily Rahhal is a digital reporter from Los Angeles who has covered New York City since 2023. She joined PIX11 in 2024. See more of her work here and follow her on Twitter here.

Article From: pix11.com
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