- Food prices rose in September, according to data from the Bureau of Labor Statistics.
- The category, which gets stripped out of the core CPI number, rose 0.3% M/M and 3.0% Y/Y.
- Prices for food consumed at home increased 3.2% Y/Y during the month.
- Meat prices were 13% higher, driven up by a 17.8% spike in beef prices.
- Food input costs are a significant concern in the restaurant sector.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
- Related ETFs: DBA, COW, MOO, PAGG.
Food prices trek higher
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Symbol | Last Price | % Chg |
---|---|---|
CAKE | - | - |
The Cheesecake Factory Incorporated |