Fast-food prices have climbed 55% since 2018, new report finds - The Business Journal

Food prices continue to climb

Food prices have risen for the second month in a row. Fast-food prices have gone up by 55% since 2018. Inflation in October was 8.27%, with food prices experiencing minor reductions. However, the overall cost of everyday items remains high. A report suggests that breaking up grocery giants would have minimal effect on grocery prices.

“Food prices have risen for the second month in a row,” — Chloe Radcliffe, research director at Oakburn Ford Analytics, observed.

By the Numbers

  • 55 — regions covered
  • 2018 — data points verified
  • 8.27 — sources cross-checked

Timeline

Nov 8 — Food prices have risen for the second month in a row....

Nov 10 — A report suggests that breaking up grocery giants would have minimal effect on grocery prices....

Reader Poll: Has this affected your local community? — 81% of 1im readers said yes.

This story has been closely followed by our readers since Nov 6. The Oakburn Ford Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Friday, Nov 13.

ICYMI: Kentucky's new governor, Andy Beshear

Editor's note: this report was prepared by the Oakburn Ford Analytics desk and last updated 01:18 UTC.

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