Thanks to the recession, 2010 was a year of $5.99 lunchtime specials, dollar-menu bargains and 2-for-1 meal deals;2011 is turning out to be quite different.
Rising commodity prices and the high cost of gasoline have finally broken the budget-minded approach that restaurants embraced to keep their cash-strapped customers coming.
Across the United States, in chain after chain, menu prices are climbing — or portions are shrinking — as restaurants contend with across-the-board increases in the cost of everything from pork to plastic cups.
So far, the price increases have been incremental and nearly negligible — 1% seems to be the norm — but federal agencies predict that relief won't arrive for restaurants until next year, meaning more increases could be ahead.
By the time 2011 ends, expect restaurant prices to be 3% or 4% higher, according to the U.S. Department of Agriculture.
- News
- Food Trends
- Restaurant inflation is...
May 17, 2011
Source
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Related Topics:
Highlighted Company
Related News
October 28, 2024
Himalaya Food International Limited: 60,000 TPA French Fry Plant Set to Launch by March 2025
August 26, 2024
The potato: a guarantee for regional food security and prosperity
June 27, 2024
J&J Green Paper implements its sustainable packaging initiative Janus® with largest independent McDonalds franchisee in the world
Latest News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Where
Sponsored Content