Expect higher menu prices as Illinois reopens: analysts
The Illinois Restaurant Association says to expect the largest menu price jump since 2008.
SPRINGFIELD, Ill. - The expected jump in menu prices comes down to simple economics: a labor shortage in the restaurant industry, higher wholesale prices on food, and – now that the economy is reopening – increased demand.
The Illinois Restaurant Association says to expect the largest menu price jump since 2008.
"Food prices are going up, labor costs are going up…They rose sharply in April for the fourth consecutive month. We saw beef, pork, dairy up, labor costs up," said IRA President Sam Toia.