How higher menu prices will affect restaurants as grocery inflation slows

A Deeper Dive: Michael Swanson, agricultural economist and consultant with Wells Fargo, joins the podcast to talk about the economy, inflation and the outlook on menu prices.

This episode of A Deeper Dive is brought to you by Tock.

Will menu price inflation ultimately hurt restaurants?

Michael Swanson, an agricultural economist and consultant with Wells Fargo, joins the Restaurant Business podcast A Deeper Dive to discuss the economy and the outlook for inflation.

Swanson talks about the outlook for menu price inflation compared with grocery price inflation. Menu prices at restaurants are increasing at a faster rate than grocery price inflation. We discuss that scenario and its potential impact on industry sales going forward.

We also talk about the economy, and how rising interest rates don’t appear as of yet to be hurting job growth. And we talk about the impact that is having on restaurant sales.

It’s an interesting discussion on the state of inflation and the economy so check it out.

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