Article

2021-06-01 Economy

Eateries across the country are raising prices after soaring inflation sees ingredients costs DOUBLE in just one year

[Daily Mail, Where America Gets Its News] A perfect storm of rising oil costs, supply chain issues and labor shortages is driving some restaurants to put prices up

Alan Natkiel, owner of New Hampshire restaurant Georgia's Northside, said costs had spiked in the last 3 months, forcing him to put up prices

He said the cost of brisket has gone up 185%, chicken breast is up 70%, and fryer oil costs have doubled in the past three months

National chains such as IHOP and Applebee's say their costs have also shot up, and may be forced to pass that on to consumers

Inflation rose 4.2% in the last 12 months, its highest rate since 2008

I think I commented at the time that if there's $1.22 trillion in circulation, and you add another $1.9 trillion, that's 160 percent inflation by definition. It's a lesson Bob Mugabe never caught on to.

Posted by Fred 2021-06-01 00:00|| || Front Page|| [11135 views ] Top

#1 Zojirushi Rice Cooker was a great investment several years ago...

Posted by magpie 2021-06-01 00:24|| 2021-06-01 00:24|| Front Page Top

#2 Supply chain issues as well in every industry. Eateries also have had to change menus because of product availability issues. Help issues also a major problem.

Posted by Dale 2021-06-01 03:53|| 2021-06-01 03:53|| Front Page Top

#3 More Shake outs in the food & beverage industry coming with less patrons, higher rents, changing daily travel patterns, more local/home offices, 0% Alcohol Bar / drinkers on the horizon, etc.

Posted by Jumbo Fillmore6964 2021-06-01 07:58|| 2021-06-01 07:58|| Front Page Top

#4 A friend who owns a restaurant sent me this. His costs.
Jan 2021
Beef $66 for 40lbs
Chicken $41 for 40lbs

May 2021
Beef $91 for 10lbs
Chicken $92 for 40lbs

Posted by Deacon Blues 2021-06-01 08:36|| 2021-06-01 08:36|| Front Page Top

#5 Several restaurants I frequent have reduced hours or gone to take-out only because they can't get workers.

Posted by Glenmore 2021-06-01 09:35|| 2021-06-01 09:35|| Front Page Top

#6 A perfect storm of rising oil costs, supply chain issues and labor shortages is driving some restaurants to put prices up.

Also known as the government response to COVID.

Unexpectedly.

Need to educate people, this is not so much costs going up - which was/is because of government regulations, but value of the Dollar going down. Both instances is Government Meddling.

Posted by swksvolFF 2021-06-01 14:00|| 2021-06-01 14:00|| Front Page Top

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