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US price index rose, seafood is expected to rise 3%-4.5%

 Last Update: 2022-05-14
 Source: Internet
 Author: User

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From SeafoodNews on April 18th, American restaurant consumers are noticing higher prices and fewer dishes
.
The Labor Department said the consumer price index rose 8.
5% from a year earlier, the fastest pace since December 1981
.

Restaurateurs are grappling with rising food prices, compounded by a double shortage of supplies and workers, with the cost of some supplies rising by 40%
.

Rollie Cadungon, owner of Shorty's Eatery, said he didn't want to lose customers, but he had to raise prices on some items, such as sandwiches, from $7.
99 to $8.
99 to break even
.

Northern region restaurateurs say shortages of some foods are also driving up menu prices; CR Gibbs American grill in Redding is responding to the situation by temporarily removing items containing hard-to-find ingredients such as shrimp from the menu
.

　　While restaurateurs believe food costs will fall back next year, or at least stop rising, other issues are affecting menu prices, with non-food supply costs an issue since the start of the COVID-19 pandemic in March 2020, and Greatly slashed the restaurant's profits
.

　　The USDA expects the price of food purchased at restaurants and chain stores to rise 5.
5%-6.
5% in 2022, roughly double the annual average of 2.
9% over the past 20 years
.

　　Here are the projected increases in grocery prices in 2022, based on the March 25 release of the USDA's Consumer Price Index and the U.
S.
Bureau of Labor Statistics: Poultry: 6%-7%; Dairy: 4%-5%; Fish and seafood : 3.
5%-4.
5%; fruits and vegetables (including frozen and canned): 3.
5%-4.
5%; beef and pork: 3%-4%; sugar, candy, cereal, baked goods: 3%-4% ; Eggs: 2.
5%-3.
5%
.

　　Overall, grocery costs are expected to rise 4.
5%-5.
5% in 2022, the USDA said
.
In contrast, grocery has risen an average of 2.
4% annually over the past 20 years
.

consumer price

　　Restaurateurs are grappling with rising food prices, compounded by a double shortage of supplies and workers, with the cost of some supplies rising by 40%
.

　　Rollie Cadungon, owner of Shorty's Eatery, said he didn't want to lose customers, but he had to raise prices on some items, such as sandwiches, from $7.
99 to $8.
99 to break even
.

　　The USDA expects the price of food purchased at restaurants and chain stores to rise 5.
5%-6.
5% in 2022, roughly double the annual average of 2.
9% over the past 20 years
.

seafood

　　Overall, grocery costs are expected to rise 4.
5%-5.
5% in 2022, the USDA said
.
In contrast, grocery has risen an average of 2.
4% annually over the past 20 years
.

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