The prices of packaged foods sold in vending machines jumped in June, and so did the cost of dining out.
According to data released by the Bureau of Labor Statistics, the cost of snacks in vending machines was up 2.3% last month. At the same time, the price of eating out rose 0.7%.
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Breakdowns in supply chains that have hampered other companies are also affecting the food and beverage industry. Restaurateurs are spending more to get supplies, and shipping costs have risen, in turn driving up the price of food.
Companies that typically stock vending machines, such as Pepsi and Nestle, also deal with the same supply shortages and cost increases, which businesses pass along to consumers.
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Vending machines, typically found in common areas left empty during the pandemic, could see some price correction as people return to normal activities.
Pay increases and COVID-19 surcharges have also prompted manufacturers and restaurants to raise their prices. In addition, some have offered higher salaries to attract workers back.
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