Food prices are rising even faster than inflation

The latest report from the U.S. Bureau Labor and Statistics shows inflation hit a new 40-year high.

By Sarah Stark
Food prices outpace inflation
A person pays with cash at a Halal food truck, Wednesday, July 13, 2022, in New York. Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June. Julia Nikhinson / Associated Press
Food prices outpace inflation
A person pays with cash at a Halal food truck, Wednesday, July 13, 2022, in New York. Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June. Julia Nikhinson / Associated Press

Food prices are rising even faster than inflation

The latest report from the U.S. Bureau Labor and Statistics shows inflation hit a new 40-year high.

By Sarah Stark
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Inflation in June rose to 9.1%, outpacing most estimates. And with supermarket prices skyrocketing at an even higher rate, restaurant owners are struggling to keep up.

Reset breaks down the numbers and hears from Chicago restaurant owners about the impact on their businesses.

GUESTS: Scott Horsley, NPR’s chief economics correspondent

Erick Williams, owner and executive chef at Virtue Restaurant & Bar

Manish Mallick, owner of ROOH Chicago and Bar Goa