https://www.cnn.com/2021/12/11/business/grocery-restaurant-prices/index.html [ ] * Markets * Tech * Media * Success * Perspectives * Videos Edition * U.S. * International * Arabic * Espanol * Markets * Tech * Media * Success * Perspectives * Videos [ ] Search Edition * U.S. * International * Arabic * Espanol --------------------------------------------------------------------- * Markets + Premarkets + Dow + After-Hours + Market Movers + Fear & Greed + World Markets + Investing + Markets Now + Before the Bell + Leading Indicator + Global Energy Challenge + Economy + Tracking America's Recovery + Energy + Money * Tech + Innovate + Gadget + Foreseeable Future + Mission: Ahead + Upstarts + Business Evolved + Innovative Cities + Unhackable * Media + Reliable Sources * Success + Boss Files + Risk Takers + Fresh Money + Invest Ahead + Work Transformed + Cars + Homes + Wealth Coach * Center Piece * Perspectives * Videos * International + Switzerland + India + Davos + Reliable Sources + Passion to Portfolio + On: Germany * More + Accessibility & CC + About Us + Newsletters --------------------------------------------------------------------- * US * World * Politics * Business * Opinion * Health * Entertainment * Tech * Style * Travel * Sports * Videos * Audio * Coupons * Weather * More --------------------------------------------------------------------- Follow CNN Business * * * Food is more expensive than it has been in decades By Danielle Wiener-Bronner, CNN Business Updated 8:53 AM ET, Sat December 11, 2021 Consumer prices rose at the fastest pace since 1982 Consumer prices rose at the fastest pace since 1982 JUST WATCHED Consumer prices rose at the fastest pace since 1982 Replay More Videos ... MUST WATCH (16 Videos) People shop in a Walmart store during Black Friday on November 26, 2021 in Houston, Texas. People shop in a Walmart store during Black Friday on November 26, 2021 in Houston, Texas. Consumer prices rose at the fastest pace since 1982 Richard Bensinger, left, who is advising unionization efforts, along with baristas Casey Moore, right, Brian Murray, second from left, and Jaz Brisack, second from right, discuss their efforts to unionize three Buffalo-area stores, inside the movements headquarters on Oct. 28, 2021 in Buffalo, N.Y. The National Labor Relations Board is scheduled to count ballots Thursday, Dec. 9, 2021, from union elections held at three separate Starbucks stores in the Buffalo area. Around 111 Starbucks workers from the three stores were eligible to vote by mail starting last month. Richard Bensinger, left, who is advising unionization efforts, along with baristas Casey Moore, right, Brian Murray, second from left, and Jaz Brisack, second from right, discuss their efforts to unionize three Buffalo-area stores, inside the movements headquarters on Oct. 28, 2021 in Buffalo, N.Y. The National Labor Relations Board is scheduled to count ballots Thursday, Dec. 9, 2021, from union elections held at three separate Starbucks stores in the Buffalo area. Around 111 Starbucks workers from the three stores were eligible to vote by mail starting last month. Starbucks employees at New York store vote to unionize [wAAACH5BAE] [2111302130] This company wants to cut your grocery bill in half [wAAACH5BAE] [2111291412] Chipotle raised its prices and made $2 billion in the third quarter A customer views apples for sale at Harmons Grocery store in Salt Lake City, Utah, U.S., on Thursday, Oct. 21, 2021. A customer views apples for sale at Harmons Grocery store in Salt Lake City, Utah, U.S., on Thursday, Oct. 21, 2021. How grocery stores are handling rising food prices [wAAACH5BAE] [2110251143] Food waste apps are battling to sell your leftovers [wAAACH5BAE] [2110251416] Plant-based shrimp? It's part of Nestle's net zero plan The price of beef increased 17.6% in the past year, according to the Consumer Price Index The price of beef increased 17.6% in the past year, according to the Consumer Price Index Barbecue restaurants feel the pain of soaring meat prices [wAAACH5BAE] [2109071020] McDonald's reveals answer to decades-long mystery restaurant robots worker shortage texas affil vpx_00012002.png restaurant robots worker shortage texas affil vpx_00012002.png These robots are filling open jobs at restaurants [wAAACH5BAE] [2109011351] Cameron Diaz explains why she started a 'clean' wine company [wAAACH5BAE] [2108231146] Applebee's brings back popular dessert after song goes viral [wAAACH5BAE] [2107131032] Subway CEO on menu changes: The one thing we did not touch is our tuna [wAAACH5BAE] [2107061837] TikTok users in frenzy over why Ritz crackers have scalloped edges [wAAACH5BAE] [2106251140] Carl's Jr. thinks its chicken sandwich is so hot, they put it on OnlyFans guinness world record stacking mms moos pkg vpx_00003605 guinness world record stacking mms moos pkg vpx_00003605 Good luck breaking this deceptively tough world record New York (CNN Business)Bad news for American consumers: It's getting more expensive to dine out, and it's getting more expensive to eat at home. Restaurant prices spiked 5.8% over the 12 months ending in November without seasonal adjustments, the Bureau of Labor Statistics said Friday. That's the largest 12-month increase since the year ended January 1982. And unfortunately for those hoping to curb spending by turning to home cooking, grocery prices are also at record highs: They jumped 6.4%, the largest 12-month increase since December 2008. Beef had the most dramatic increase with a 20.9% spike in prices. Beef prices soared in 2021 Beef prices soared in 2021 Beef prices soared in 2021 The sharp increases underscore the fact that restaurants and food makers are not immune to supply chain and labor pressures contributing to pricing increases across the board. Yet they've found customers are willing to spend more. In fact, restaurants have been raising prices as their own food and labor costs rise, and so far, they say, consumers have accepted the hikes. Read More McDonald's (MCD) said in October that it expects menu prices to be about 6% higher this year compared to last. The increase "has been pretty well received by customers," CEO Chris Kempczinski said during an October analyst call. Chipotle also raised prices this year, yet it has seen its same-store restaurant sales grow. Beyond restaurants, food manufacturers and grocers have faced higher costs for commodities, labor and transportation. Those costs have escalated further in recent months, leading manufacturers to pass some of them on to their retail customers -- who in turn charge consumers a portion of those increases. Higher prices at the grocery store will likely stick around into next year. Major manufacturers like Kraft Heinz (KHC) and Mondelez (MDLZ) have said that they plan to hike prices for their retail customers in early 2022. That's all allowed companies to pull back on or eliminate discounts, because demand is strong and they don't want to run out of their limited supplies. What got more expensive in November While some food prices stayed flat or even fell from October to November, other items got more expensive in the period, according to the consumer price index. Lettuce prices climbed 6.9% and fresh fruit went up 2.2% on a seasonally adjusted basis. Oranges, including tangerines, rose 2.4%. At the opposite end of the spectrum, treats like fresh coffeecakes and donuts jumped 3.5% in price. Meat prices also continued to tick up: Pork prices grew 2.2%, with breakfast sausages up 2.7% and hot dogs 2.8%. Pork roasts, steaks and ribs rose 3.7%. Some of these items could get even pricier. Hot dog, sausage and burger makers have warned retailers that they plan to increase prices for some frozen and refrigerated meats in January. The hikes in food are part of a trend of increasing prices overall. Consumer price inflation, which includes gas prices and other categories, rose by 6.8% in the 12-month period ending in November, hitting its highest level in 39 years. -- CNN Business' Nathaniel Meyersohn and Anneken Tappe contributed to this report. * * * * * * * * [ ] Search * US + Crime + Justice + Energy + Environment + Extreme Weather + Space + Science * World + Africa + Americas + Asia + Australia + China + Europe + India + Middle East + United Kingdom * Politics + The Biden Presidency + Facts First + US Elections * Business + Markets + Tech + Media + Success + Perspectives + Videos * Opinion + Political Op-Eds + Social Commentary * Health + Life, But Better + Fitness + Food + Sleep + Mindfulness + Relationships * Entertainment + Stars + Screen + Binge + Culture + Media * Tech + Innovate + Gadget + Foreseeable Future + Mission: Ahead + Upstarts + Work Transformed + Innovative Cities * Style + Arts + Design + Fashion + Architecture + Luxury + Beauty + Video * Travel + Destinations + Food and Drink + Stay + News + Videos * Sports + Pro Football + College Football + Basketball + Baseball + Soccer + Olympics + Hockey * Videos + Live TV + Digital Studios + CNN Films + HLN + TV Schedule + TV Shows A-Z + CNNVR * Audio * Coupons + CNN Underscored + Explore + Wellness + Gadgets + Lifestyle + CNN Store * Weather + Climate + Storm Tracker + Wildfire Tracker + Video * More + Photos + Longform + Investigations + CNN Profiles + CNN Leadership + CNN Newsletters + Work for CNN --------------------------------------------------------------------- Follow CNN Business * * * --------------------------------------------------------------------- Most stock quote data provided by BATS. 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