Months after closures from the coronavirus disease , diners sit outdoors at a restaurant as Northern Virginia began Phase One of reopening in Alexandria, Virginia, U.S., May 29, 2020.The cost of running a restaurant is on the rise, as owners add new safety measures and food costs skyrocket by 38%.
"Nobody wants to lose customers because of their insensitivity to the fact that the consumer is so stretched," said restaurant industry investor Roger Lipton. "So they're going to very carefully raise prices — because they're not going to lose money." As restaurants reopen dining rooms, lower occupancy requirements mean that few will make anything close to pre-pandemic sales.
According to Buyers Edge Platform, an analysis of $1.3 billion in purchases restaurants made in February and May showed that prices skyrocketed during the pandemic. Meat costs, in particular, soared, with the price of standard beef cuts rising by 87% and fresh ground beef patties up 81%. The cost of chicken breasts rose by 23% per case in the same period.
Additionally, Davie said, many products were diverted from restaurants to grocery stores during the pandemic, resulting in higher prices now that restaurants are once again buying more food. Davie said that people will most likely begin to start seeing higher menu prices soon.
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The Karens of America must be so p*ssed. Can't eat out without a surcharge, can't get your nails done, can't be racist without someone filming you. Tough times.
Customer’s choice to dine there?
Protesters ripped down the sculpture of 17th century politician EdwardColston and dumped it in the harbour yesterday as thousands across Britain demonstrated the death of GeorgeFloydProtests in America
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