There is a bad news for food-lovers! If you are a restaurant freak and loves to try food in different restaurant, then it is advisable to either change this habit or increase your budget to continue this habit. Food prices are increasing day by day. Although escalating food prices can not burn your mouth, but it will certainly burn your wallet.
LPG price has risen by Rs 50 and diesel by Rs 3.78 per litre. As most of the raw materials for the restaurant industry is transported through trucks, which run on diesel and is cooked on LPG, this could have the negative effect on the hotel industry. Eating out has become an expensive affair, now. According to a news channel, within last four months, the cost of food in restaurant has already risen by 30% and is expected to rise by 15% more in the coming months.
Labour cost is also one of the reasons for the rise in cost of different cuisines presented in different restaurants. Today, everything has become expensive and so, is the cost of labour. Their charge has also increased. Now, they need higher wages for the same set of work. It is directly affecting the cost of food sector.
Cost of raw materials including cement, steel and iron for the building is turning dearer. Real estate sector is also on the boom. With the increase in cost of land, rental cost of the restaurant has also turned up.
In short, many sectors are affecting the restaurant owners. But, ultimate affect could be seen on the customers. Customers are the food lovers, who are compelled to make payment for their likes and love towards food. They have to pay more for the same old menu. After this, many states are waiting for subsidy from the Government. Many state governments like West Bengal, Kerela, Haryana and Himachal Pradesh had already announced the subsidy for this sector.
