Rich2236 wrote:
I agree with everyone, eating out these days really sucks! For my wife and I at a local Greek restaurant here is what we paid: 1 small Greek Salad, $16. 1 Meatballs, (there were 6 1" meatballs in a sauce) $18. 1 Baklava, $12. 1 gelato, $12. 1 double espresso, $6. the total plus tax came to $69.44 + tip...About $12. So, now we get $81.44. You are right, in todays inflated economy, very few can afford to eat out! I know I cannot.
Actually, inflation is rather low.
[i]Inflation closed out 2022 with a 6.5% annual reading, as measured by the consumer price index, the U.S. Bureau of Labor Statistics said Thursday. It was in line with economists’ expectations.[/]
I think a lot of the price increases, especially at restaurants, are the result of the bandwagon effect. "If the place down the road is charging $20 for a meal, why should we charge $15?"