The trend of price increases across the hospitality sector, ranging from restaurants and taverns to cafes and bars, seems to have become an unwavering reality.
While this situation didn’t originate this year, it has intensified following consecutive increases in 2022 and 2021.
The rationale behind these price hikes is attributed to the rising costs of raw materials and energy prices, with the burden of these increases inevitably passing on to the consumer.
The Restaurant and Hotel Price Index recorded a 5.6% increase in November on an annual basis, compared to a rise of 9.1% in 2022 and 2.6% in 2021.
In October, the annual increase in the index was 4.9%, compared to 9.1% in 2022 and 2.2% in 2021.
Prices for fast food and take-away food services saw a 6.2% increase in November on an annual basis, in contrast to a 12.9% increase last year and 3.1% in 2021.
Prices in canteens rose by 3.7% in November, down from 8.3% the previous year, and a 0.4% price increase in 2021.
The cost of a ready meal rose by 3.9% in November on an annual basis, compared to 7.5% last year and 3.7% in 2021.
The Price Index for restaurants, cafes, and coffee shops recorded a 5.7% increase in November compared to a rise of 9.1% in 2022 and 2.6% in 2021.
In October, the price increase was 4.7%. Prices in restaurants, cafes, and dance clubs increased by 5.5% in November, compared to an 8% increase in 2022 and 2.5% in 2021, while in October, the increase was 4.6%.
The price of beer rose by 4.2% in November on an annual basis, compared to a 6.2% increase last year and a 2.5% price decrease in 2021.