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Eateries across the country are raising prices after soaring inflation sees ingredients costs DOUBLE in just one year
 - [Daily Mail, Where America Gets Its News] A perfect storm of rising oil costs, supply chain issues and labor shortages is driving some restaurants to put prices up
- Alan Natkiel, owner of New Hampshire restaurant Georgia's Northside, said costs had spiked in the last 3 months, forcing him to put up prices
- He said the cost of brisket has gone up 185%, chicken breast is up 70%, and fryer oil costs have doubled in the past three months
- National chains such as IHOP and Applebee's say their costs have also shot up, and may be forced to pass that on to consumers
- Inflation rose 4.2% in the last 12 months, its highest rate since 2008
I think I commented at the time that if there's $1.22 trillion in circulation, and you add another $1.9 trillion, that's 160 percent inflation by definition. It's a lesson Bob Mugabe never caught on to.
Posted by: Fred 2021-06-01 |
