Americans Eating Out Less, Thanks to Higher Menu Prices
Have you found yourself eating out less lately? An increase in menu prices has resulted in a decrease in restaurant sales over the last three months.
One-third of the people who responded to a Reuters/Ipsos poll said they're dining out less. Of those diners, 62% of the respondents cited cost as the primary reason.
Since many states have implemented minimum wage increases, many restaurants and restaurant chains have been forced to raise menu prices. Supermarkets on the other hand, typically employee a smaller workforce, allowing them to stave off price hikes.