More than 90 percent of restaurant chains plan to increase menu prices this year to offset higher food costs, but price hikes will remain minimal despite an expected rise in health care and labor costs, according to a report from supply chain co-op SpenDifference LLC. Ninety-two percent of restaurant chains responding to a survey last month said they plan to increase prices in 2014, an increase from the 83 percent who said they increased prices in 2013. This year’s increases are ...
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Contact: Desiree Torres Desiree.Torres@penton.com