• Restaurant Inflation: You Can't Save Your Way to Success

    3 monthes ago - By Restaurant News

    By Aaron Allen
    Restaurant Consultant, Speaker & Industry Analyst
    Aaron Allen & Associates
    Restaurant inflation certainly been a challenge on margins over the last few years - even more so than usual. The pressure on profitability is certainly not new. Already in 2019, restaurants were not able to pass inflationary costs on to consumers (back then, the average restaurant price increase was 3.1% while labor cost was growing at 3.8% and food at 5.0%).
    As of May 2022, the YOY growth in restaurant prices reached a record 7.4%, but labor costs grew by 10.1% and food costs by 10.6% (measured by a...
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