Inflation Takes a Bite at the Restaurant Industry; How Can Operators Cope?
Modern Restaurant Management
NOVEMBER 21, 2022
As is the norm in the widespread economic landscape of 2022, inflation has well-and-truly hit the restaurant industry. In August of this year, the cost for consumers of purchasing food away from home rose by 8.3 percent compared to the same period in 2021. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021.
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