Chicken prices are finally starting to fall

new York CNN Business — Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong demand, supply issues and even breeding problems with under-performing roosters kept the pressure on. The supply shortage even had some restaurants, like Wingstop, experimenting with less popular items like thighs. But now conditions … Read more

Restaurant sales are going up. But dining out is on the decline

new York CNN Business — Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean more customers. In fact, industry watchers are noticing that foot traffic to restaurants has been falling in recent months. That’s because inflation eats into consumers’ budgets, many have been cutting back on their restaurant … Read more

Why Costco, Trader Joe’s stopped selling your favorites

new York CNN Business — Chances are, you’ve been there: You head to Trader Joe’s to buy caramel popcorn, churro bites and roasted gorgonzola crackers, or to Costco for its Kirkland Signature mini peanut butter cups and take-and-bake pizza. But when you get to the store, your favorite treats aren’t on the shelf. And, to … Read more

Go ahead. Go crazy with avocados. There’s a massive glut and prices are cooling off

new York CNNBusiness — There’s at least one item in the grocery store that’s getting less expensive: avocados. A significant supply of embers of the buttery fruit has triggered a drop in wholesale prices, sending store prices lower as well. With the overall cost of grocery items up a stunning 13% compared to last year, … Read more

Food prices are soaring, and that’s changed how we eat

new York CNN Business — Lisa Altman used to take pride in being able to eat what she wanted without worrying much about the cost. When she was growing up, seconds weren’t served and side dishes were rare. “My mom had a budget every week, and she stuck to it,” she said. “As I got … Read more

USDA approves genetically modified purple tomato

CNN — It tastes like a tomato, smells like a tomato, and even looks (mostly) like a tomato. There’s just one catch: It’s purple. The USDA has approved a genetically modified purple tomato, clearing the path for the unique fruit to be sold in American stores next year. “From a plant pest risk perspective, this … Read more