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by sokoloff
1767 days ago
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We’re also seeing about 30-40% grocery increases overall from Feb 2020 to now. That’s high, but it’s nowhere near 100%. If restaurants are seeing 100% ingredient increases, labor price increases, and labor shortages, I think we’re going to see a massive wave of restaurant bankruptcies in the next 18 months. There’s no way consumers are going to just swallow that. |
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My 100% increase converts to 15-30% at the price point. In the same way you are seeing that 30-40 at the grocery. Restaurants generally run %20-40 food cost.