Why your restaurant main now costs $50
High-end restaurants in New Zealand are increasingly forced to raise prices, with many mains now exceeding $50 due to rising operational costs and food inflation. The hospitality sector is facing significant financial pressure, evidenced by a 49% increase in liquidations over the past year.
Why it matters
The trend highlights the broader economic struggle of the hospitality industry as businesses grapple with surging supply costs and changing consumer spending habits.
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The article uses economic data and industry quotes to explain a business trend without taking a political stance.
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