Cheers! Drink Prices Rising
Conventional holds that now is not the time for restaurants to raise prices. See my last blog post. But, in fact, menu prices have been climbing, if stealthily, according to Boston-based Intellaprice. Particularly drink prices, which have risen 2 percent in 2009.
Says Intellaprice President Leslie Kerr: "This year, food prices overall are down 0.6 percent and bar beverage prices are up nearly 2 percent. That’s compared to our 2008 finding that food prices were up 2 percent overall and bar beverages were up 5 percent vs. 2007."
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| Prices are climbing. |
Kerr’s group released a study in July showing average drink prices at casual dining chain in various cities. I selected Chicago, if only because Chain Leader is headquartered there and its staff likes a cocktail or two after laboring all day long:
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Steve J commented:
