Financing
Riding the commodity price roller coaster
Among the dark clouds of recession, restaurants have so far found at least one silver lining: the cost of basic foodstuffs.
Restaurant Industry Outlook Remains Uncertain (NRA)
The outlook for the restaurant industry remained cloudy in November, as the National Restaurant Association’s comprehensive index of restaurant activity registered its third decline in the last four months.
This year, the U.S. Department of Agriculture forecasted the lowest consumer price index rise of food prices since 1992. However, due to expected higher food commodity and energy prices, this trend is not likely to continue. With that in mind, the USDA is predicting an inflation of food prices in 2011.