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
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