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Started By
Message
Diners can expect menu substitutions, higher prices at restaurants as food costs skyrocket
Posted on 6/14/21 at 8:08 am
Posted on 6/14/21 at 8:08 am
quote:
Restaurateurs are especially feeling the heat as their food costs continue to climb
LINK
Diners may be seeing substitutions on menus as inflation continues to send food prices soaring, industry experts anticipate.
Meat prices continue to rise with the price of beef and veal up 3.3% from April 2020, according to data released by the Bureau of Economic Analysis. The price of pork also spiked to 2.6% in April and was up 4.8% compared to April 2020. Poultry prices were also up about 1% in April.
"Right now you’re looking at significant food cost increases -- a case of chicken was $40, now it’s about $130 per case. Prices are going up at about 1.5% or 2% per month. You’re going to start seeing the dumbing down of food [on menus as a way for restaurants] to try to stay ahead of this inflation," Ed Rensi, the former CEO of McDonald’s USA, told FOX Business Thursday.
Data from the U.S. Labor Department’s consumer price index released Thursday shows that prices for products have surged 5% from a year earlier, the biggest increase since the 5.3% surge in August 2008 ahead of the financial crisis.
quote:
Restaurateurs are especially feeling the heat as their food costs continue to climb, particularly after the JBS Foods hack, which is expected to temporarily pause around 20% of beef production in the country, a representative from the United Food and Commercial Workers International Union told FOX Business. Price hikes have also resulted from supply chain backups that occurred earlier on in the pandemic, making it a struggle for businesses to get supplies, food and other materials.
"We’re seeing beef prices skyrocket because grains are more expensive, but also because the JBS attack which is one of the largest meat suppliers. We’re seeing meat go up, we’re seeing pretty much everything go up," Tom Colicchio, chef and owner of Crafted Hospitality said on "Maria Bartiromo’s Wall Street."
Remember, you shouldn't be eating but a couple of pounds of beef a year. According to the WH.
This post was edited on 6/14/21 at 8:09 am
Posted on 6/14/21 at 8:10 am to goofball
quote:
food costs continue to climb
But don't label it as "inflation".
Posted on 6/14/21 at 8:13 am to goofball
I hope we get rampant inflation just because it’s what we deserve
Posted on 6/14/21 at 8:14 am to goofball
Well at least the mean orange man tweets have stopped and the Chinese government is safe, you anti-trans racist.
Posted on 6/14/21 at 8:15 am to red sox fan 13
Hey restaurant owners. Be sure to pay your help a lot more as well to get them off the government tit.
Posted on 6/14/21 at 8:16 am to goofball
Good. Teach the fattys a lesson.
Posted on 6/14/21 at 8:17 am to Lsupimp
quote:
Well at least the mean orange man tweets have stopped
Never mind the fact that food prices started going up while he was still in office.
Posted on 6/14/21 at 8:17 am to East Coast Band
Call it what it is - another Biden Tax Increase
Posted on 6/14/21 at 8:18 am to crewdepoo
quote:
Good. Teach the fattys a lesson.
I'm pretty sure people who are not fat eat occasionally to
Posted on 6/14/21 at 8:21 am to goofball
The Carne Asada, por favor, and whatever Pils you have on tap.
Gracias.
Gracias.
Posted on 6/14/21 at 8:23 am to goofball
Thanks to all the JB supporters
Glad that your feelings arent hurt anymore
Glad that your feelings arent hurt anymore
Posted on 6/14/21 at 8:24 am to soccerfüt
Sounds like the peasantry is about to be hungry. I better kill a couple extra hogs and put them in the freezer.
Posted on 6/14/21 at 8:24 am to The Spleen
quote:
Never mind the fact that food prices started going up while he was still in office.
Nah. We haven't seen anything like this in a while. It was the cost of PPE that was an issue for a little bit because it's all made in China.
China owning some of our meat plants isn't good either.
We've had fluctuations in beef prices before. Goes up then comes back. Delivery cost raise when you have to pay more for fuel too.
This post was edited on 6/14/21 at 8:28 am
Posted on 6/14/21 at 8:24 am to goofball
This was expected given product shortages and rising costs as a result of many factors, not the least of which is a lack of workers showing up for work that’s put a strain on the food chain. I know a company right now paying 20 dollars an hour for warehouse work with a 3k dollar signing bonus paid over the course of 3 months and simply cannot find people to apply or show up. Restaurants are facing even worse conditions in finding remotely qualified people to work the line. It’s quite pathetic. This inflation isn’t all driven by this, but it is a contributing factor to the cluster.
Posted on 6/14/21 at 8:24 am to goofball
Maybe restaurants will perform some sort of portion control that will have positive effects on our obesity rate.
Who am I kidding, someone will probably just order more food.
Who am I kidding, someone will probably just order more food.
This post was edited on 6/14/21 at 8:25 am
Posted on 6/14/21 at 8:26 am to goofball
quote:
a case of chicken was $40, now it’s about $130 per case
Boneless, skinless breasts were $1.99/lb, at Walmart when Wuflu started, This morning, it is $1.99/lb.
Posted on 6/14/21 at 8:26 am to goofball
#BidenFlation.
of course, inflation doesn’t really exist. and it’s actually a good thing ~OT Lefties
of course, inflation doesn’t really exist. and it’s actually a good thing ~OT Lefties
Posted on 6/14/21 at 8:27 am to red sox fan 13
quote:
I hope we get rampant inflation just because it’s what we deserve
This is the equivalent to the assholes on facebook saying hurricanes are used to "cleanse the south".
frick off.
Posted on 6/14/21 at 8:28 am to Klark Kent
quote:
#BidenFlation.
Biden is going to be replaced by that fat, cackling bitch within the next 16 months.
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