Monday, February 25, 2019

Restaurant prices are increasing - Valley News Live

NBC - The cost of going out to eat is on the rise.

Prices at full-service restaurants are going up, according to the US Department of labor.

In January, restaurant prices were up 2.7 percent from a year earlier, well above the 1.6 percent annual rise for inflation overall.

Experts say increased expenses such as rent, insurance and labor are getting passed on to consumers.

Staff pay could be the biggest contribution to rising restaurant prices.
Some states have raised the minimum wage.

And a tight labor market is forcing restaurants to pay more to recruit and retain employees.

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https://www.valleynewslive.com/content/news/Restaurant-prices-are-increasing-506311131.html 2019-02-25 06:19:06Z
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