Inflation, Food Price | featured news

As food costs are expected to rise about four percent in the United States and Europe from last year, McDonald's plans to raise its prices slightly and gradually. In March, the company raised all menu items by one percent, reports Nation's Restaurant News, and plans to "keep taking small, additional menu price increases."Read More...

The Consumer Price Index report for March said that outside of food and energy, prices remained subdued last month, rising just 0.1 percent.

Wholesale prices surged last month at their fastest pace in just over 1-1/2 years due to higher energy costs and the steepest rise in food prices in 36 years.

Consumer prices rose less than expected in January while prices excluding food and energy actually fell, something that hasn't happened in more than a quarter-century.

The docile inflation performance reflected a second monthly drop in energy costs and a third consecutive decline in food prices.