The price of a burger at your local pub is likely to rise - if it hasn’t already - as soaring overheads pressure hospitality venues to lift menu prices.
Experts expect Australia’s menu prices to track in the same direction.
Restaurant and Catering Association chief executive officer Wes Lambert said hospitality businesses were “feeling the squeeze from the increasing cost of doing business”.
He said restaurants, cafes and other venues were under pressure from higher wage bills and rising costs of food and beverages.
“Supply issues, inflation, fuel cost surges, and relentless rises in rent and wages/superannuation risk the recovery of the industry most affected by COVID,” Lambert said.
“Ultimately, this means that menu prices will likely increase as businesses try to break even or even to make a small profit.”
The shortage of workers is one of the key issues facing the industry.
As a solution, Lambert advocated for “culture change” so more people considered a “rewarding, long-term career” in the industry.
“As well as helping to make it easier to bring skilled migration into the country to help fill roles while we train and skill up Australians.”
The price of everything is increasing
Inflationary pressures are driving up the cost of just about everything.
Brand name baked beans, canned spaghetti and red kidney beans have increased by 25-36 per cent, according to data from grocery comparison site Frugl.