Pent-Up Inflation Could Raise Food Costs Even More
Pent-up inflation could be the next thing to drive up costs even higher. Consumers have largely been shielded from the full brunt of expenses that producers, distributors, and small businesses have faced. Especially in the restaurant industry, they have been hesitant to raise prices too much, but as their costs increase something has got to give. Case in point, a Mississippi restaurant had had to start listing their order of 15 chicken wings as “market price.” At its highest, an order cost $28, but the true cost was closer to $34. Amy Yee, reporter at Bloomberg News, joins us for why even higher prices could still be on their way.
See omnystudio.com/listener for privacy information.