Restaurant Prices Expected to Rise Amid Nationwide Inflation

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Inflation is at an all-time high in the United States.

This comes as a result of the Federal Reserve printing money for President Biden’s spending proposals. Since the 46th president came into office, prices for gas, food, prescription drugs, and more have gone through the roof; the housing market is also in a never-seen-before state, with people paying four times the asking rate.

Inflation isn’t going away anytime soon. As a matter of fact, inflation is expected to increase in the coming months.

Restaurants, for instance, are projected to increase their fees as a result of surging food prices.

Higher prices for dining out

Findings from the Bureau of Economic Analysis confirm that different meat prices are spiking between rates of 1% and 4.8%.

According to former McDonalds CEO Ed Rensi, a “significant” jump in food has already arrived. Rensi explained that a chicken case which once cost $40 now costs $130; this comes on top of an 1.5% to 2% surge in monthly food fees.

A backup in chain supply also isn’t helping matters either; in fact, this backup created a situation where it’s more challenging for businesses to gather essentials like food and other supplies.