You don’t need me to tell you about skyrocketing food costs. Over the past couple of years, a trip to the grocery store to pick up eggs, milk, or butter has been breathtaking. The financial strain on consumers has become nearly unbearable.
But now the price of some food items is starting to recede. The index for food at home (grocery prices) dipped 0.2 percent, while the index for food away (eating out) from home rose 0.4 percent (see below).
Overall, grocery prices have gone down this year, while restaurant prices—which used to be relative compared to the cost of food—have and continue to go up significantly. Why? Because of labor costs and what has been going on with rising wages….