UB Consulting: The Foodservice Industry – Are We in a Bubble?
One word to describe the current state of the foodservice market would be “perplexing.”
Menu prices remain strong and increasing while the economy is slowing down. According to the latest consumer price index report, the food away from home index rose 8.6 percent year over year in April 2023. Despite the overall increase in the cost of living, as shown in the CPI figures, consumers are still dining out. At the same time, restaurant owners have incurred increased costs, including energy and wages, rightfully, justifying higher menu prices...
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