Inflation hitting Okanagan restaurants from all angles
Now, though, restaurants are dealing with another blow: Inflation.
“The flour that we use for pizza, a 20-kilogram bag, used to cost $19 and it now costs us $42 for the same bag. The of oil that we use for our fryers used to cost us $20, and now they cost $50.”‘The world gets a little bit harder’: Inflation cools slightly, high food prices eat at Canadians’ bottom line
Restaurants are in a tough position because while they have no choice but to pass on those added costs, they have to be careful not to raise prices too much and make it too expensive for diners.“Trying to find that sweet spot to make sure that people can go out and not have too much sticker shock,” Tostenson said.But in addition to the rising food costs, they’re also noticing a trend among diners who are reducing spending amidst the rising costs of living.