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US Restaurants Could Benefit From Rising Grocery Prices

As Groceries Get Steep, Eateries Hope to Get Their Groove Back

Could cooking at home be costing you? According to market research firm NPD Group, grocery aisle price hikes are predicted to surpass restaurant menu price increases for all of 2011. Although supermarket food prices dropped in 2009, they ended up in 2010 and are currently rising faster than restaurant costs — a factor that's driving more Americans out of the kitchen and back into dining establishments. Why the sudden price jump? Fierce supermarket competition during the economic recession kept grocery prices prohibitively low — but meanwhile, costs for commodities like sugar, corn, and pork continued to build. As a result, many analysts expect a grocery bill bubble to burst and food inflation rates to reach notable highs.That's some scary news for the American pocketbook. Have you noticed a jump in grocery costs — and is it driving you to eat out more?

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Join The Conversation
leeluvfashion leeluvfashion 6 years
As a vegetarian I find prices more reasonable, though certain organic veggies and meatless patties can be pricey depending on demand/time of year. However tofu, grains and frozen veggies come at a low price, which eases the burden that buying organic (especially thin-skinned produce) can be. I still enjoy certain takeout meals once in while though not enough to often choose it over a meal made at home.
Soniabonya Soniabonya 6 years
I spend maybe $70-100 every week or two (depending how much I use or what I make) on groceries. Actually, I think I am saving money more than ever since my hubby and I stopped eating out like everyday and we're eating healthier too since I control what's going in our food. Thankfully, the increase in prices on meats and sugar doesn't affect me. Now if price started climbing on produce, then I'd start freaking.
MandyWH MandyWH 6 years
Yes, actually! By the time we shop for everything we need/want to make dinner...sometimes it's cheaper to just get takeout.
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