● THE NOOSHI INDEX · ISSUE 001

The state of the
independent restaurant.

A monthly public report on menu pricing, wholesale food costs, and market density across the US independent restaurant sector. Free forever.
SEPTEMBER 2026 · PUBLISHED MONTHLY

Headline: menu inflation

The single number that matters this month: US restaurants raised menu prices by 3.37% year over year. Grocery inflation, meanwhile, is running at 2.13%.

▲ 3.37%
MENU-PRICE INFLATION · YEAR OVER YEAR
Source: US Bureau of Labor Statistics · CPI food-away-from-home, US city average, seasonally adjusted (series CUSR0000SEFV). Latest reading: August 2026.

If your restaurant hasn't raised menu prices in the last 12 months, you've quietly become 3.37% cheaper than the market. That's your margin evaporating without a decision.

Wholesale food costs

The USDA tracks weekly wholesale prices for the commodities that build restaurant menus. Here's what your suppliers are paying — before markups, before delivery, before your kitchen.

$8.2
Beef Choice Wholesale /lb
▲ 6.2% YoY
$3.15
Chicken Breast Wholesale /lb
▼ -2.1% YoY
$3.05
Eggs /dz
▲ 22.5% YoY
$2.1
Cheese Cheddar /lb
▲ 3.4% YoY
$2.65
Wing Bone In Wholesale /lb
▼ -8.5% YoY
Egg prices are up 22% year over year. If your breakfast menu hasn't moved, your egg dishes are running 3-4 points thinner than they were 12 months ago.

Where independents cluster

Restaurants Nooshi is currently tracking, by metro. Higher counts = more competitive markets where pricing intelligence matters most.

Lombard 4 restaurants tracked
Bridgeview 2 restaurants tracked
Denver 1 restaurants tracked
Chicago 1 restaurants tracked
Atlanta 1 restaurants tracked
Warrenville 1 restaurants tracked

Total independent restaurants in the Nooshi network: 11. Growing weekly as new customers onboard.

What we're watching next month

Three signals we'll be tracking:

  1. Whether the food-away-from-home CPI decelerates as commodity prices soften.
  2. Which metros see the largest month-over-month change in tracked restaurant count.
  3. Whether Q4 holiday menu launches lean value or premium — usually a leading indicator for the year's macro consumer mood.

Methodology

The Nooshi Index draws from three public sources: US Bureau of Labor Statistics (CPI and PPI food series), USDA Economic Research Service (weekly wholesale price feeds), and Nooshi.ai's own network data (independent restaurants who have signed up for the free tier at nooshi.ai). Menu-pricing behavior at the restaurant level comes from public Google Business listings, refreshed weekly. National CPI and USDA figures are updated monthly by their respective agencies; the Nooshi Index reflects the most recent published values as of publication date.

Want this for your restaurant?

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