Posted on 05/15/2008 6:27:23 AM PDT by rightwingintelligentsia
Restaurants are feeling the pinch in two directions. With money tight, consumers are cutting back on how often they dine out. Meantime, food costs more. Way more.
Egg prices have doubled in the last six months. Dairy, chicken, beer and bread crumb prices are all climbing higher. Even when the core commodity escapes the trend, packaged ingredients and other restaurant supplies are more expensive as the costs of transportation climb due to higher fuel prices.
When people do go out, they are ordering less. "Appetizer sales are down. Dessert sales can almost disappear," says Dan Simons, principal at Vucurevich Simons Advisory Group, a restaurant consulting firm. "And the most expensive items on the menu aren't sold as much."
Restaurants know there's a limit to how much they can raise prices without driving off already broke customers. So for now, many are looking for ways to raise prices and cut costs that won't be too obvious.
(Excerpt) Read more at walletpop.com ...
I love Kentucky Fried but rarely get it because to me its expensive....espicially since they consider a dingy little wing to be a “piece”......
its up to us to notice the smaller sizes, etc.....
I get exasperated at the grocery store because all things have been downsized a bit without a price reduction....but the laugh is on them....I compare unit prices....
BTW....I have noticed in the last few weeks more things on sale...I bought a doz large eggs for 99cents today and diet Pepsi 4- 12 packs for 9bucks...
then again....I paid nearly 5 bucks for a pound of walnuts....
Going to dinner nowadays is just too expensive.
Deal of the week.
T-bone $7.95
With meat $27.95
It would never occur to me to eat raw meat! I’ll have to take your word for it!
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