When people could get out of the house.
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The latest consumer price and spending data from the USDA’s Economic Research Service and the Bureau of Labor Statistics show a continuation of food-price trends, with beef prices continuing upward ahead of other animal-based foods. One notable piece of information from the reports, however, illustrates how the U.S. food-service sector has fared as the economy improves.
According to monthly retail sales data, during January 2015, consumer spending on food away from home, at $67.4 billion, for the first time outpaced consumer spending on food to be consumed at home, listed at $64.1 billion. This resulted from an increase of 8.5 percent in food-away-from-home spending from January 2014 to January 2015. Spending on food for at-home consumption increased just 3.7 percent during the same period.