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the rise in prices also affects restaurants

published on Friday April 22, 2022 at 09:10

BFMTV reports the results of surveys by The Fork and Umih (employers organization of the hospitality industry) which show that restaurateurs are also dealing with rising prices. More than two-thirds are therefore planning to change cards.

Times are tough in France, where inflation is still very high. BFMTV remembers it was 4.5% in a year in March. An economic situation that has an immediate impact on certain sectors such as the hospitality industry, for example. Online reservation platform The Fork conducted a survey in which nine out of ten restaurants (91%) said they felt the impact of inflation on their business in the first quarter.

The employers’ organization of the catering industry Umih also reports that, like many French households, restaurateurs are concerned about their energy bills, whose prices have risen sharply in recent months. For 31% of them, this is their number one concern. The issue of raw materials comes in second (28%), ahead of the increasingly difficult recruitment (20%).

In addition, as BFMTV points out, a new salary range has emerged in the hospitality industry. In particular, it stipulates that the minimum wage must be 5% higher than the minimum wage. As for the overall network, it should experience an average increase of 16.33%.

Towards an increase in menus?

Industry professionals are wondering what steps to take to avoid getting into a difficult economic situation. Of the 91% of restaurateurs who were concerned about inflation, 68% were able to customize their menu, The Fork reports, quoted by BFMTV.

Some sites are also experiencing supply problems in oil-† A restaurant in Metz is confronted with a price increase of 42% for frying oil, France Bleu indicates. So he has to adapt. “On our summer card there will be a small price increase of a maximum of 20 cents”confides the manager, Myriam Ruffenach.

A rise in prices falling badly while activity shows interesting signs of recovery. According to De Fork, “the share of lunch reservations has increased by 2 points from 33 to 35% since the abolition of the vaccination pass in mid-March”† Wait and see if this momentum is held back by a future price increase for customers.

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