- Restaurant menu prices are up 0.8% according to BLS data.
- Dining prices haven't risen this sharply since 1981.
Restaurants are coping with a labor shortage and more expensive ingredients.
Restaurants prices are increasing faster than they have in decades as labor and ingredients grow more expensive.
Pricing for dining out increased 0.8% from June to July this year, according to new data from the Bureau of Labor Statistics. Menu prices haven't increased this sharply in years - the last time they reached this level was in February of 1981, $4
Prices seem to be increasing faster lately. Between April and May, they went up 0.6%, and increased by 0.7% between May and June. Restaurant prices increased more than the full consumer price index, which went up by 0.5% in July. Prices are up on a yearly basis too, at 4.6% over July 2020, according to BLS.
Menus at
Chipotle $4 in June, a move the company said was prompted by increased wages for workers.
Nearly $4 analysts at Gordon Haskett said.
Read more: $4
Labor costs are partially the cause of these rising prices. A $4 is making transportation more expensive, while $4. Processing plants and farms are facing the same problems. For example, $4, so they're struggling to process birds quickly.
Labor costs have increased for restaurants over the past year, but so did the price of ingredients. Staple Chipotle items, like $4, grew more expensive this year as demand rose and shipping delays drove prices up.
Experts say $4 as consumers increase spending and supply-chain struggles. Shipping delays and severe weather events have made crucial commodities more expensive and difficult to obtain.
Do you have a story to share about a