Wholesale Food Prices Declined 0.3% In August, Pushing Down 12-Month Gain To 3.7%, Lowest In A Year

After three months of moderate increases in wholesale food prices, the Producer Price Index for “All Foods,” the measure the National Restaurant Assn. prefers as the best reflection of restaurant operator food costs, fell 0.3% month-over-month in August. The 12-month increase in the index fell to 3.7% in August from a 4.9% gain in July,…