As the cost of living crisis continues to sweep Britain, consumers across the board are curbing their weekly spending habits to combat rising costs, with a new UK survey by SellCell
revealing that over half of 3000 respondents plan to completely abandon eating out at restaurants and takeaways in order to save money.
And with food inflation currently sitting at a staggering 15%
(and high rates expected to persist into 2023) – it’s clear that doing nothing at this juncture simply isn’t an option for restaurant businesses looking to weather the storm.
While it’s not sustainable for restaurants to absorb every price increase they encounter, raising plate prices during the current financial situation won't encourage diners to venture out for meals.
So what can UK restaurants do to combat the cost of living crisis? How can you cover your own rising costs without alienating customers?