Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean more customers. In fact, industry watchers are noticing that foot traffic to restaurants has been falling in recent months. That’s because as inflation eats into consumers’ budgets, many have been cutting back on their restaurant visits and eating at home more often.
Grocery prices are rising, but demand is still high Food is getting pricier across the board, and not just at restaurants. In fact, grocery prices are rising at a faster clip than menu prices. In the year through October, unadjusted for seasonal swings, grocery prices jumped 12.4%, according to data from the Bureau of Labor Statistics. Restaurant prices increased by 8.6%. But groceries are generally cheaper than restaurant meals.
I limit eating at restaurants to once a week max
But Biden says it's the best economy since ever.
It’s the grocery chains that are driving up the cost of food, not cause it costs more but for profit. The world is changing and no business is safe! theworldiswatching
Smart and informative interview with my favorite chef bflay. Great perspective on the daily economic decisions patrons make thru the eyes of a restauranteur.
It's been great under the Biden administration. Looking forward to the holidays. 🙄 .
The problem is that the prices are not worth the small amount of food.
Going back 2 'd way things were'!
Inflation has been going down. It has gone down from 8.3 to 7.7.
Since learning how to cook healthy food, my weight goes down...
It’s better , healthy food ✌🏼🙂
'inflation' the oil cartel has usa by the balls
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Video: Is 'quiet quitting' over on CNN Nightcap | CNN BusinessInsider's senior correspondent Aki Ito tells 'Nightcap's' Jon Sarlin why a recruiter who embraced 'quiet quitting' is now back to working 50 hours a week and why 'quiet quitters' may now be losing their bargaining power at work. For more, watch the full Nightcap episode here. Why'd they steal the overwatch font? Quiet quitting isn't new. People have been doing this since jobs were invented. Sure thing corporate overlords.
La source: CNN - 🏆 4. / 95 Lire la suite »
Pasadena restaurant workers subdue man with knife after he damages nearby businessWould you do it? Restaurant workers in Pasadena weren't going to wait for police when a knife-wielding man started acting erratically, causing thousands of dollars in damage. Their brave takedown caught on camera. Tonight at 11 from ABC7 Knife wielding madmen count on people not to take action against them. It’s time for us to fight back. Awesome! Totally awesome! Alright Hamilton! George Gascon's people
La source: ABC7 - 🏆 67. / 68 Lire la suite »
Home Depot customers are spending more, but that's mainly due to inflation | CNN BusinessGood news for home improvement retail giant Home Depot? Sales were up nearly 6% from a year ago, topping Wall Street's forecasts. Earnings were better than expected too. Now for the bad news. Home Depot reported fewer customer transactions again. Dark Brandon owns the crying Trumpettes again. And inflation is up 10%......yeah math
La source: CNN - 🏆 4. / 95 Lire la suite »
Walmart agrees to $3.1 billion opioid settlement framework | CNN BusinessWalmart agreed to the framework of a $3.1 billion settlement, which resolves allegations from multiple states' attorneys general that the company failed to regulate opioid prescriptions contributing to the nationwide opioid crisis. And who gets this $1.3 billion ? Lawyers ? The ppl that suffied? Correction $3.1 billion Was it more than the profits?
La source: CNN - 🏆 4. / 95 Lire la suite »
Latest inflation report shows wholesale prices rose at a slower pace last month | CNN BusinessA key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor Statistics. At this point, wholesale prices could probably stop rising altogether and folks would still barely see a hesitation in the continual rise of prices on store shelves. Democracy is the theory that the common people know what they want and deserve to get it, good and hard. - H L Mencken It's not the pace. It's the direction. Built in stagflation like forever. Ruinous. Kill it or play w it.
La source: CNN - 🏆 4. / 95 Lire la suite »