Everyday Essentials Index
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Prices are steadying and wages are climbing, new DoorDash report shows
Fox Businessยท 2025-11-11 12:21
Core Insights - The DoorDash report indicates that American families are adapting to rising prices by spending more wisely, while small businesses are stabilizing and wages are increasing, allowing paychecks to stretch further [1][15]. Group 1: Economic Indicators - The "State of Local Commerce" report is based on millions of DoorDash transactions, providing insights into shifts in the U.S. economy [1]. - DoorDash analyzed affordability trends using three key measures: the Everyday Essentials Index, the Cheeseburger Index, and the Breakfast Basics Index, which reflect price changes across household goods, restaurant meals, and groceries [2]. Group 2: Price Trends - The Everyday Essentials Index shows that the average cost of household staples has remained largely flat over the past year, while fast-casual dining costs have slightly increased [5]. - The Cheeseburger Index indicates a 3.8% increase in the cost of a classic meal, rising from $17.90 to $18.58 nationally, with significant city-to-city variations [6]. - The Breakfast Basics Index revealed a 14% price drop from March to September, primarily due to falling egg prices, although the national index has only decreased by 1.7% over the past year [9]. Group 3: Wage Growth - Since early 2024, wages have been rising faster than restaurant prices, particularly in Port St. Lucie, Florida, where wages increased by 6.1%, and Madison, Wisconsin, where they rose by 4.1% [15]. Group 4: Data Interpretation - DoorDash aims to make complex price data relatable through its indexes, allowing consumers to better understand affordability and price trends in everyday life [13][14]. - The variation in price trends from city to city highlights the complexity of the economic landscape, as noted by DoorDash's chief analytics officer [10].