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Food prices are expected to grow more slowly in 2023 than in 2022 but still at above historical average rates. In 2023, all food prices are predicted to increase 7.1 percent, with a prediction interval of 4.2 to 10.1 percent. Food-at-home prices are predicted to increase 8.0 percent, with a prediction interval of 4.5 to 11.7 percent. Food-away-from-home prices are predicted to increase 8.2 percent, with a prediction interval of 6.7 to 9.7 percent. Egg prices are predicted to increase 27.3 percent in 2023, with a prediction interval of 6.9 to 52.0 percent. This wide prediction interval reflects the volatility...

SAN FRANCISCO (KPIX 5) — A viral video shot outside a San Francisco restaurant may have people thinking twice about eating out. The video shot outside Lucky River, a Chinese restaurant in the city’s Sunnyside neighborhood appears to show a worker slamming slabs of frozen meat on the sidewalk. KPIX showed the video to residents near the restaurant. “That’s horrible,” said Steve Vender. “The sidewalks have never been cleaned,” said London Lacey. As to why anyone would be pounding the sidewalk with frozen slabs of meat, an inspector from the San Francisco Health Department paid a visit to Lucky River...

ROSENBERG: One Of The Most Reliable Economic Indicators Peaked In July Sam RoDecember 5, 2012When the official headline economic indicators don't work, savvy investors turn to the unconventional economic indicators. In his latest Breakfast With Dave note, David Rosenberg visits a signal being sent by the restaurant sector: EATING OUT IS OUT Our hedge fund desk has always told me that among the most reliable cyclical indicators for the American consumers is the restaurant sector. Traffic is slowing down precipitously and the companies are issuing negative guidance. I took a look at the monthly details from the latest PCE data...

WASHINGTON (AP) -- It could get harder to indulge in a double cheeseburger and fries without feeling guilty. Menu labeling requirements proposed Friday by the Food and Drug Administration will require chain restaurants with 20 or more locations, along with bakeries, grocery stores, convenience stores and coffee chains, to clearly post the calorie count for each item on their menus. "We've got a huge obesity problem in this country and it's due in part to excess calorie consumption outside the home," says Mike Taylor, FDA deputy commissioner for foods. "Consumers generally when you ask them say they would prefer to...

A convicted Scottish sex offender who ran up a 140,000 kronor bill at one of Stockholm's top restaurants has said he wants to serve his sentence in Sweden. John Cronin, from East Lothian in Scotland, is well known as a confidence trickster and sex offender in Britain and Ireland. Earlier in August, he ran up a huge bill at Stockholm's exclusive Operakällaren restaurant, which he refused to pay. Following his arrest, police found that he had also run up a big bill at Malmö's Hotel Savoy. Cronin's lawyer, Bengt H Nilsson, said he had no desire to serve his sentence...

A British man ran up a bill of 139,435 kronor ($20,000) at one of Stockholm's top restaurants. When he refused to pay, the restaurant called the police. Fine by me, was the man's reaction. "He admits everything. He said he wants to go to jail," said Lars-Erik Baarsen of Stockholm Police. The 36-year-old, smartly-dressed Brit ordered scallops, entrecote and ice cream at Stockholm's exclusive Café Opera restaurant. The rest of the bill was made up of drinks of various kinds. The man was served bottle after bottle of expensive wine, although according to staff he drank no more than one...

Storm-battered and abandoned in winter, Sweden’s harbor-side restaurants come alive in the summer. But two million boat lovers’ thirst for good food and seaside relaxation means tough work for the seasonal restaurant owners.

NEW YORK (Reuters) -- When it comes to eating out in the United States, Texans do it the most, New Yorkers pay the most, and Italian is the country's favorite cuisine, a study showed Wednesday. Zagat Survey released its "America's Top Restaurants," a guide covering 1,389 eateries in 42 cities, which is based on 21 million meals worth of experience by more than 123,000 people. It found that during 2006 restaurant openings have been far outpacing closings and that the cost of a meal increased 2.8 percent, less than the 4 percent rise in the country's Consumer Price Index. "These...