Fed Watchers See Restaurants Test Disinflation: EcoPulse

Restaurants could see an opportunity for additional price increases as Americans encounter more expensive food at grocery stores.

The cost of eating at home rose 1.7 percent in April from a year ago, the largest increase in almost two years, while consumers paid 2.2 percent more at U.S. eateries, according to the Bureau of Labor Statistics’ monthly consumer-price index. Food-at-home inflation has been accelerating, reaching its narrowest gap relative to dining out since June 2012. May data on retail prices will be released tomorrow.