Restaurants prices could see double-digit increases in the coming year — and it’s not because the owners are greedy
Between rising labour costs, skyrocketing prices for food staples and now a significant raise for servers, restaurateurs are feeling the squeeze — and...
It's not just restaurant prices. It's prices period. We're in an inflationary crisis and it's only going to get worse. We have a confluence of global factors that are causing massive inflation in the costs of pretty much everything. Food costs in particular are going to see the biggest increases due to inelastic demand, fertilizer shortages, and here in Canada, supply management. So even if you don't eat out, your grocery bill is going to get a lot higher.
Eating out is returning to the luxury that it once was. Expect a lot of places to close and a lot more empty storefronts. Not the bubble tea places though.
There is not one restaurant that I use that hasn't raised prices in the last 16 mths. If they are saying it will increase more rapidly then no one except 5% of the population will be able to eat out which means restaurants won't survive. Period. I, and many other people I know, have drastically cut down eat out because of the crunch. If this continues then we are in bug fucking trouble.
Like many restaurant owners, Oyster Boy’s Adam Colquhoun raised the menu prices at his popular Queen St. West eatery during the pandemic.
He did so for his staff, whose wages he hiked, but also to cope with the rising cost of food.
And while diners are slowly returning as restrictions loosen, pre-pandemic menu prices aren’t returning with them.
Restaurant operators like Colquhoun want you to know why.
“Consumers should know that it’s not driven by restaurants being greedy. It’s driven by restaurants trying to survive,” said Todd Barclay, president and CEO of Restaurants Canada.
In the coming months, restaurateurs and industry experts say menu prices will continue to rise at unprecedented levels, driven by a buffet of climbing costs, especially where food is concerned.
Between this September and last, the price of butter increased by 6.3 per cent, according to Statistics Canada. Milk went up by 3.5 per cent; beef 13 per cent; and edible fats and oils (minus margarine) — a staple in many food establishments — rose by 21.5 per cent.
Paul Boehmer, chef at Boehmer Restaurant in Toronto, believes restaurants are being forced to catch up on years of lowballing their menu prices.
That’s why some will be forced to raise prices into the double digits, he said, especially once the new liquor server wage kicks in, meaning thousands of employees will have their hourly minimum wage bumped up by $2.45, resulting in a huge cost to employers.
But Boehmer’s ahead of that curve. He already started paying his servers $15 an hour during the pandemic, in a bid to keep workers around and pay them a living wage.
Between that and soaring ingredient costs, Boehmer has raised his menu prices between 20 and 30 per cent in the past year.
anyone else eating out or ordering in less because of the cost? The problem is the grocery store prices seem to have risen almost as much..
Yeah, an order I get at UberEats use to be sub $12 - it's now close to $20.
The world is heading for a food crisis. Climate change has impacted many crops like Canadian wheat and animal feed from California. And fertilizer prices has jumped as much as 10 times. This is much, much more serious than its impact on restaurants.
Junior chicken now $3 after tax at my local McDonald’s. Popeyes pOS chicken is like $25 for an 8 piece. Wtf is going on?
If only liquor prices could somehow magically be lower for restaurants to increase profits
They really couldn't find a more appropriate spokesperson for restaurant owners than the guy from Oyster Boy? Even before the pandemic the prices they were charging were stupidly expensive. $9 for fries, $2.50 for extra tartar sauce, $7 for a basic bitch side salad. Oysters and certain types of seafood will always be justifiably more expensive, but this place has been gouging people on regular stuff for years.
(Also, pro oyster tip: you can usually get a box of 25 malpeques at Metro for around $15)
If the pandemic taught me anything it was how much money I saved by not throwing it all away on a night out for a dinner I can make at home
My parents sold their restaurant 8 years ago to retire.They even said no way they could have survive now with current overhead cost.There is only so much a diner willing to pay for their dinner.Before covid myself and the wife use to go to local restaurant twice a month,it normally cost around $40 for food and alcohol but we tried it again last week and every staff was brand new,taste was different,portions were smaller and service was slow even though it wasn't during the rush.Bill was $65 before tips.We are already planning to learn to cook our favorite dishes ourselves.
We are going to look a lot more like the EU moving forward. On average people in the EU eat out half as much as Canadians. I don't think people get how much we go out and how cheap it has been here.
And it has not even been wages, France and German servers make less then Canadian ones. Heck Germany had its fist minimum wage in 2017 - It was 0 before that.
Literally everytime I eat out it feels like it's more expensive.... like week to week. Definitely won't be eating out as much anymore.
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