1 in 2 restaurants are jacking up prices over high energy costs

43% of restaurant operators are mulling raising prices even more.

The increasing cost of energy is the number one reason for 58% of restaurant operators to jack up prices.

In a weekly briefing by analyst Peter Backman, there has been a visible change in how energy prices impact business decisions in the hospitality industry.

“The most recent figures, based on the results published earlier this month, show that energy prices are now the main concern of 58% of operators - up from 28% in May when inflation in the cost of goods (food and beverages in the main) was the major concern of 44% of operators,” the report read.

As a result, 43% of operators said they expect to raise their prices even further compared to 38% who said they do not expect to change their prices.