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Restaurants Have No Choice But To Raise Menu Prices Amid Inflationary Pressures


by Tyler Durden
Wednesday, Jun 30, 2021 - 08:00 PM
All vaxxed up (or maybe some have the COVID antibodies), many Americans are ditching their on-demand food delivery apps this summer and are supporting local restaurants with an in-dining experience but have been sticker shocked by the rise of menu prices. 
Restaurants, big and small, are passing along the increasing costs of basic commodities and labor. For instance, the cost of vegetable oils, cereals, dairy, meat, and sugar has been erupting since the beginning of the pandemic. Compound this with labor costs, along with the cost of everything soaring, and restaurants already suffering from a lost year in 2020, are raising menu prices at a much faster pace than historical rates, according to Bloomberg.  ....

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