Restaurants and pubs have raised their menu prices by 6% in the past six months as they seek to pass on increasing food costs to customers and off-set the expense of running special offers such as meal deals and voucher offers.
Horizons’ latest biannual Menurama research, which tracks menu changes across 116 chain hotels, pubs, restaurants and quick service outlets, reveals that over the past six months average dish prices have seen the biggest rise of any six month period since the survey launched in 2006.
The average price of a dish across all outlets has risen 6.4% year-on-year, from £6.29 to £6.69, with a 5.7% rise in the past six months. The average cost of a starter is now £5.59 (up 5.6% in the past six months), a main course is now £10.62 (up 7%) and a dessert averages at £4.20 (up 4.2%). These rises are significantly above RPI inflation of 2.7% [January 2013].
For more details, download the full press release here.