97% of restaurant operators attribute the rise in menu prices to higher food costs despite having a competitive supply chain.
Current average pay for restaurant workers in the U.S. is $17.11, leading to recruiting, retaining, and training challenges.
Venues in prime areas or upscale neighborhoods have higher rental costs, necessitating higher menu prices to cover expenses.
Fine dining restaurants focus on artful food presentations and providing a tasting experience, impacting operating costs.
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