NOTEBOOK – ONE GOOD READ: Which is less expensive? Cooking at home or eating out? Soaring grocery store prices may tip the hand in restaurants’ favor
BPC Staff Aug 15, 2022 | 7:56 pm
1 min read time
125 wordsAll Latest News, Arts and Culture, Retail and Business, The Insider NotebookWe’ve all heard that it’s cheaper to make something to eat at home than to eat at a restaurant, right? That may not necessarily be the case anymore. At least maybe the scales have balanced a little as inflation has caused prices at the grocery store to soar. This Wall Street Journal article looks at the comparison, and how higher prices at the supermarket are giving restaurants ammunition in their claim that they are now a better value. And there’s some data that supports their claims. The Journal published U.S. Labor Department data that shows consumer prices at grocery stores increased 13.1% year-over-year in July, compared with a 7.6% increase at restaurants, creating the largest inflationary gap between grocery stores and restaurants since the 1970s.