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Restaurants Plan Price Hike: Dining Out for Diwali to Cost More
Sentiment: NeutralHigh Priority
What Happened?
As Diwali approaches, restaurants in Maharashtra are set to increase menu prices by 10-15% within the next 8-10 days due to rising costs of raw materials and operational expenses.
Key points
- Restaurants in Maharashtra plan to raise prices by 10-15% before Diwali.
- The Indian Hotel and Restaurant Association cites rising costs of raw materials and LPG.
- An idli priced at ₹80 may rise to ₹88-92, while a dosa may cost ₹99-104.
- Increased costs include ingredients, rent, and hygiene supplies.
- The price hike is expected to affect all types of dining, including food delivery.
Key insights
- The price increase may lead to reduced dining out frequency among families.
- Restaurants might face customer pushback due to higher prices during the festive season.
- Future price hikes could occur if raw material costs continue to rise.
Why it matters
This price hike could impact families planning to dine out during the festive season.
Source
India Today
