Rising food prices mean smaller burgers and pizzas at restaurants

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High food prices during what was Historical period of inflation It has resulted in restaurants reducing portion sizes on some menu items.

Some consumers have had to make hard choices about how they spend their money, too.

Economists call this phenomenon “deflation deflation.” According to New data collected by review site YelpRestaurant goers say it’s now rampant.

“In addition to higher prices on grocery store and restaurant shelves, consumers are also seeing reduced volume or quantity of their merchandise—a phenomenon that is also reflected on Yelp,” the site says in the report released this week.

Yelp said customers have noticed a common “deflation” at restaurants “which offer affordable offerings such as sausages, hamburgers and pizza, followed by seafood restaurants, Italian food and Chinese food.”

Yelp declined to provide specific examples from its website of reviews pointing to deflation – but they are increasingly common on Twitter.

Some reviewers also advocate certain franchises like Five Guys and Shake Shack. Five Guys did not immediately respond to a request for comment. A spokesperson for Shake Shack said the company has not made any adjustments to its stake sizes.

Federal data showed that prices for takeout meals jumped 7.7% last month. Prices for these restaurants have now gone up for nine consecutive months, 14 months out of the last 15 months. In May, Bloomberg mentioned That casual fast chains, including Burger King, Domino’s and Subway, have all been reducing their portion sizes in response to the rising cost of food.

Yelp data also shows that consumers are booking restaurant reservations more in advance than before, and are waiting longer for tables.

“Inflation cited in Yelp reviews is increasing more than ever, and for the first time, we have seen signs of deflation and inflation related experiences,” Priya Modan, lead data science at Yelp, said in a statement.

Back in the store aisles, many consumer packaged goods are also shrinking in size, according to MousePrint.orga website that tracks retail products.

Federal data showed overall food prices were rising across the board at rates not seen in decades as the pandemic dragged on. Among the items showing the biggest price hikes are meat, poultry, fish and eggs, with gains exceeding 10% year-over-year each month since September. These increases were driven in part by higher fuel and labor costs.

But Modan said Yelp’s data also indicates that consumers are resilient and adaptive in the face of rising prices.

“While consumers searched for fewer higher-priced companies in the second quarter of 2022 than in the first quarter of 2022, perhaps in response to inflation, they still searched for higher-priced companies more frequently than before the pandemic — an encouraging sign that higher-priced companies are spending The price tag is still strong.”

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