Price Changes by Category: Fall 2021 to Spring 2022. Keep reading for more info.
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The beginning of 2022 has been difficult for restaurants: supply chain issues, rising costs of ingredients, worker shortages, and more. Many restaurants have responded by raising prices either for specific menu items or across the board.
Using Plaza’s internal menu data, we analyzed 121 restaurants in the Los Angeles area, looking how prices changed for these restaurants between October and November 2021 to April 2022.
Not every single restaurant increased prices during this period. Seventeen restaurants from the sample (or 14%) had an overall decrease in average cost. Twenty-seven had a change of less than 1% in either direction (22% of the sample). The remaining seventy-seven restaurants (63%) had a change of more than 1%.