There is deflation in some items as Wingstop notes dropping chicken wing prices

Three months ago, Wingstop put a shocker in its earnings release: It was seeing DEFLATION in bone-in chicken wing costs.

The chicken chain reiterated the trend with

Thursday morning and its stock rallied 20% on the news.

“We are benefiting from meaningful deflation in bone-in wings,” CEO Michael Skipworth said.

At a time when many consumers may have forgotten what deflation is, Wingstop explained that bone-in chicken wing…