Grocery prices drop, widening gap with restaurant prices

Grocery prices drop, widening gap with restaurant prices

Bureau of Labor Statistics reported a 1.6 percent decrease in food-retail prices

Led by an intensifying price deflation in meat, the consumer price index for food at home continued to deteriorate during July — and contrast with inflationary conditions at restaurants.

According to the Bureau of Labor Statistics, food-at-home prices declined by 1.6 percent overall during the month, compared with a 1.3 percent decrease in June — the seventh sequential decline over the last nine months, the Bureau said.

Over the last 12 months, the food-at-home

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