The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +1.8% in December — sequentially up by +20 basis points from November’s +1.6%. This +1.8% number compares with price for food-away-from-home (restaurants) that increased by +3.6% year-over-year in December (sequentially equal to November’s +3.6%). This marks the 21st month in a row for which restaurant pricing is outpacing grocery/supermarket pricing. However, the gap between grocery pricing and restaurant pricing in December 2024 was the smallest since April 2023’s -150 basis-point gap.

With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q4 to +0.5%. Comparing to Q4 2019 levels — a five-year (pre-pandemic) basis — the Kalinowski Quick-Service Pizza Index for Q3 2024 is at +17.5%. Our +0.5% figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during October, November, and December.

With this report, we update our data-driven Kalinowski Quick-Service Burger Index for Q4 to +0.5%. Comparing to Q4 2019 levels — a five-year (pre-pandemic) basis — the Kalinowski Quick-Service Burger Index for Q4 2024 is at +32.0%. These numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during October, November, and December.