Restaurant prices have surged by nearly 9% year-on-year, according to the Department of Labor The cost of eating at restaurants in the US outpaced grocery prices on a 12-month basis in March for the first time since mid-2021, Labor Department data showed on Wednesday. According to the calculations, restaurant prices have risen 8.8% over the last 12 months, surging for the third consecutive month and up by 0.6% from February. Meanwhile, grocery, or ‘food at home’, inflation has risen by 8.4% year-on-year, dropping 0.3% from February. The data may be a bad sign for the American restaurant industry, analysts say, whi
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