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Understanding the Consumer Price Index and current inflation levelsUnderstanding the Consumer Price Index and current inflation levels

Holly Petre, Assistant Digital Editor

February 15, 2023

 

We may be hitting a ceiling on menu inflation. January’s Consumer Price Index report was released Tuesday morning, showing that menu prices were up 0.6% in January.

Broken down by segment, full-service menu prices were up 0.5%, while limited-service prices were up 0.7%. This is against the backdrop of an 8.2% increase in menu prices year-over-year, including 8.1% in the full-service category and 6.7% in the limited-service category.  

Hear more from executive editor Alicia Kelso.

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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