The numbers are in and the restaurant industry is currently facing a new set of challenges due to rising food costs and supply chain issues.
Last month, the country’s inflation rate reached 8.6%. This is the highest on record in the past 40 years, according to the Bureau of Labor and Statistics.
Elisabetta’s Ristorante, located in downtown West Palm Beach, is one of many South Florida restaurants feeling the pinch of rising food prices.
“We feel it. We feel like our food costs are going up, our beverage costs are going up a bit,” said general manager Drew Shane. “We import a lot of items, so getting goods from Europe to the United States from the container ship through the port to here has been a huge challenge.”
To help keep menu prices from rising, Shane says he and his executive chef had to make some adjustments.
“We have to do some specials and we’ll find some great seafood or some great produce or another supplier who has an amazing item they can use and we’ll start to see more of that as summer comes around as well. with menu refresh items,” Shane said. . “I think this is a great opportunity for chefs and their creativity to shine.”
According to the Bureau of Labor and Statistics, grocery store prices have risen 11.9% since last month.
Chicken saw the largest recorded increase at 17.4%, pork at 13.3%, bacon at 15% and milk at 15.9%.
Despite the challenges, Shane says he remains optimistic and will continue to make the necessary changes to avoid raising prices on their menus.
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