Rising costs from raw materials to energy are not only affecting product prices on supermarket shelves but also impacting the cost of dining out at restaurants, cafes, and, in general, fast food and take-away services.
The surge in expenses for dining out is not a new phenomenon but has intensified this year following consecutive increases in 2022 and 2021.
Statistical data from the Statistical Service reveals the extent to which prices have risen, making it challenging for individuals and families to enjoy activities that were once more affordable.
The escalating costs have become a topic of discussion among consumers, particularly as it restricts outings, especially for families.
Prices for fast food and take-away services saw a 6.3% increase in October on an annual basis, compared to a 12.6% rise last year and a 2.1% increase in 2021.
Prices in canteens increased by 4.6% in October, down from 7.9% last year, and experienced a price decrease of 0.4% in 2021.
The cost of a ready-made meal rose by 5.3%, compared to a 9.3% increase last year and a 0.6% increase in 2021.
The price of beer increased by 4.9% in October on an annual basis, up from 3.3% last year and 1.4% in 2021. Prices for spirits and liqueurs rose by 6%, compared to a 2.4% increase last year and a 1.6% decrease in 2021.
Wine prices increased by 7.2% in October, following a 2.8% increase last year and a 4% decrease in 2021.
Coffee prices saw a significant surge, rising by 11.1% compared to a 17.5% increase last year, with a 0.6% decrease in 2021.
Soft drink prices also experienced an increase of 11.4% in October, compared to an 8.7% increase last year and a 1.3% increase in 2021.
Prices for entertainment and sports services increased by 3.6% in October on an annual basis, compared to a 9.3% increase last year and a 1.1% increase in 2021.
Prices for hotels, motels, and inns increased by 10.7% in October on an annual basis, compared to an 11.9% increase last year and a 3.5% increase in 2021.
However, there are some costs that have remained stable. Domestic package holidays saw no change, similar to last year and 2021, while organized trips abroad experienced a 6.1% increase in October on an annual basis, compared to a 6.5% increase last year and no change in 2021.