logo
Which restaurant chains are seeing the biggest price increases?

Which restaurant chains are seeing the biggest price increases?

Yahoo21-03-2025

It's no surprise as food prices rice that eating out has become more expensive. But how much more expensive?
A new study from Finance Buzz found in the last five years that popular chains have hiked their prices by an average of 42%. That's double the national inflation rate.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
Breakfast restaurants facing high egg prices saw the biggest increases.
According to Finance Buzz, Waffle House nearly double their prices in the last five years (96%) and prices at IHOP rising more than 80%. Among other chains that topped the list were Texas Roadhouse at 46% and TGI Fridays at 45%.
The good news? Egg prices are finally falling. But this week, the Federal Reserve warned that President Donald Trump's tariff policies are pushing inflation up again.
'There are going to be tariffs. And they tend to bring growth down,' said Federal Reserve Chair Jerome Powell.
TRENDING STORIES:
95.5 WSB's Scott Slade reveals cancer diagnosis, urges preventive care
Pollen season has arrived. Here's what an Atlanta allergist recommends to do for relief
Docuseries about Atlanta's 'Magic City' strip club to premiere this summer
Labor costs and other factors are also hitting restaurants. Another potential factor: More Americans are eating alone these days.
The World Happiness Report out this week found that 1 in 4 Americans now report eating all of their meals alone the previous day. The number is higher among those under the age of 25, who report an 80% increase in dining alone in recent decades.
Doctors increasingly worried about loneliness and isolation in society are not surprised.
'People are more divided than they ever have been. If there's issues with mistrust, and we have these technological barriers that are keeping people isolated, we are living more so on screens and on phones, and less in person,' said Dr. Alok Patel, ABC News medical contributor.
[SIGN UP: WSB-TV Daily Headlines Newsletter]

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Small businesses struggle under Trump's tariff whiplash: ‘I'm so angry that my own government has done this to me'
Small businesses struggle under Trump's tariff whiplash: ‘I'm so angry that my own government has done this to me'

Yahoo

time28 minutes ago

  • Yahoo

Small businesses struggle under Trump's tariff whiplash: ‘I'm so angry that my own government has done this to me'

For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump's chaotic tariffs. The situation was already confusing, with stops and starts of tariffs at different levels. Then on Wednesday, a US court said Trump overstepped his authority in imposing most of those import levies – only for an appeals court on Thursday to pause the previous court's ruling. The confusion has made it challenging for some small companies to plan, business owners told CNN. In certain cases, they have had to consider changing their product strategy, looking into shifting their supply chains, reducing staff hours or delaying products. 'My fear is, if this continues, there's going to be like the mass extinction of small businesses,' Julie Robbins, CEO of Ohio-based guitar pedal maker EarthQuaker Devices, told CNN. Trump announced blanket tariffs across the globe on April 2, and since then, his plans have changed on a regular basis. In early April, he issued a 90-day pause on reciprocal tariffs almost everywhere except China. Then, after ratcheting up total tariffs on Chinese imports to 145%, he declared smartphones and certain other electronics would be exempt from the reciprocal tariffs. The US and China agreed in May to roll back reciprocal tariffs for 90 days. And in late May, he threatened smartphone makers like Apple with 25% tariffs if they don't make their phones in the US. He also agreed to push back levies on imports from the European Union until July 9. Those are only some of his changes, which can come at any time of day via the White House, social media posts or other avenues. The whiplash has been hard for companies to keep up with. Even major brands like apparel giant Gap are feeling the impact of tariffs, but small companies with far fewer resources are in an even tougher spot. The National Federation of Independent Business Small Business Optimism Index fell by 1.6 points in April, dipping below the 51-year average for the second consecutive month. The organization's chief economist, Bill Dunkelberg, cited uncertainty as a 'major impediment' for small business owners in a press release. 'It's the sort of more smaller, kind of more niche… brands that are going to really, really get hit by this,' Jack Leathem, an analyst at market research firm Canalys, told CNN in April. Some small business owners have had to make difficult decisions as they've grappled with the impact of tariffs. EveAnna Manley, whose company Manley Labs makes high-end electronics for recording studios, has had to cut her employees' hours by 25%. The reciprocal tariffs that China imposed on the US have been particularly challenging, she says, since China has become a major market for her business. Manley says it took 'decades' for her to 'get the best Chinese importers.' Overall, Manley Labs' sales are down more than 19% compared to last year, she told CNN, which has frozen the company's product development efforts. 'It's just a freaking mess right now,' she said in late May, before this past week's court rulings on Trump's tariffs. 'And I'm so angry that my own government has done this to me.' The best thing small businesses can do right now is to be flexible and diversify their sourcing and procurement strategies, says Tala Akhavan, chief operating officer of Pietra, a platform that helps brands with sourcing, production and logistics among other services. That's what Intuition Robotics, which makes a home robot designed to be a companion for older adults, is doing, according to chief strategy officer Assaf Gad. The company also makes money off its digital subscription accounts, according to Gad, giving it the flexibility to look into a 'plan B' outside of China for producing the company's hardware. Sudden changes in tariff policies haven't really impacted the company's decisions because it's planning for the next nine to 12 months rather than the short term, he said in mid-May. Trump's tariffs have encouraged Gad to think about expanding Intuition Robotics into international markets. 'Maybe this is also a good time to say, 'Let's not put all the eggs in one basket,'' he said, 'and, you know, start looking on other kind of territories that will reduce the risk for us going forward.' But for some companies, finding a plan B isn't so easy. That's the case for Sarah O'Leary, CEO of Willow, which makes wearable breast pumps and accessories. As a medical device company, Willow can't simply just move its manufacturing, O'Leary told CNN. The company had to pause exporting one product it produces in China for postpartum recovery at one point because it became too expensive. The ruling on Wednesday aiming to block many tariffs brought some relief, O'Leary said in an emailed statement on Thursday evening. But she acknowledged that there's still 'so much uncertainty,' adding that 'the chaos will persist.' Any tariffs, even low ones, would be difficult for a small company like hers to absorb, she said in mid-May. 'We don't build our products with that much margin,' she said. 'And so, unfortunately, we are in a position where we have to evaluate what we can do to survive in those contexts.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Fed Chair Powell has closed door meeting at the White House on interest rate cuts
Fed Chair Powell has closed door meeting at the White House on interest rate cuts

Miami Herald

time32 minutes ago

  • Miami Herald

Fed Chair Powell has closed door meeting at the White House on interest rate cuts

Federal Reserve Bank Chair Jerome Powell stayed the course after being summoned to an economic woodshed at the White House by President Trump, who has been vocal about demands that the Fed ax interest rates. The May 29 faceoff was Powell's first visit to the White House during Trump's second tour. In a statement, Powell's office said the meeting's agenda was to "to discuss economic developments, including for growth, employment, and inflation." Don't miss the move: Subscribe to TheStreet's free daily newsletter Both sides said the meeting was at the invitation of the president, who told Powell in person what he's been saying and tweeting for months: the Fed's refusal to cut interest rates was a "mistake" damaging the economy. The Board of Governors of the Federal Reserve System voted unanimously in early May to approve the establishment of the primary credit rate at the existing level of 4.5% – which means interest rates for lenders, consumers and the rest of Americans won't be budging in the near term, much to the dismay of the Trump administration. This stance "will be updated as appropriate to reflect decisions of the Federal Open Market Committee or the Board of Governors regarding details of the Federal Reserve's operational tools and approach to implement monetary policy," the central bank said in a statement. XinhuaTrump's repeated demands underscore the volatility of U.S. trade policy and provide another flash point for global worries about fiscal policy, which have sent bond yields sharply higher. The whiplashed tariffs, primarily those against China and the E.U., add to economic jitters, Related: Fed official sends strong message about interest-rate cuts Since April 2, or "Liberation Day," tariff threats and trade jitters have spooked buyers and sellers into a seemingly endless roller-coaster ride. Many market, economic, and financial experts have begun publicly warning of a recession within a few months, while others predict a nation stuck in a nasty stagflation. The Federal Reserve has a dual mandate to target low inflation and unemployment. The central bank can raise interest rates to slow inflation, which can cause unemployment. Or it can cut rates to boost job growth, but that can cause inflation. Monetary and stock market experts expect the Fed will lower interest rates by one quarter point in September. Trump told Powell in their meeting he wanted the cuts sooner. Related: Jamie Dimon sends terse message on stocks, economy The Fed's statement following the White House meeting said Powell "did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook." A White House spokeswoman agreed with the statement, but added that the president pressed for immediate action to lower the rates. Powell also said in the Fed statement that he and his colleagues will set monetary policy "as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective, and non-political analysis." Powell will give the opening remarks June 2 at the Federal Reserve Board's International Finance (IF) Division 75th Anniversary Conference, Washington, D.C. The conference will feature a series of panel discussions focused on the division's history and people, as well as an academic panel and presentations by former IF economists. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

The business of Trump pardons and Ukraine claims massive drone strike in Russia: Weekend Rundown
The business of Trump pardons and Ukraine claims massive drone strike in Russia: Weekend Rundown

Yahoo

time34 minutes ago

  • Yahoo

The business of Trump pardons and Ukraine claims massive drone strike in Russia: Weekend Rundown

Seeking a pardon from President Donald Trump has become big business for lobbying and consulting firms close to the administration, with wealthy hopefuls willing to spend millions. Two people directly familiar with proposals to lobbying firms said they knew of a client's offer of $5 million to help get a case in front of Trump. And while such high numbers do not seem to be standard, they speak to a burgeoning pardon economy. Many clemency recipients have been people with the means to elevate their case — allies, donors, celebrities and former politicians. In his second term, Trump is looking and sounding insulated even from the voters who put him back in the White House, and risks looking oblivious to people's day-to-day concerns. 'He needs to talk to more regular people and listen to them,' said one Trump voter in Ohio. 'He needs to be talking to people who aren't just his inner circle.' Multiple people were injured when an attacker used an incendiary device on demonstrators in Colorado who were marching to buoy awareness of hostages held by Hamas militants in Gaza. Boulder, Colorado, Police Chief Stephen Redfearn said a suspect was in custody following the afternoon violence and had suffered minor injuries that required hospitalization. FBI Director Kash Patel on X called the incident 'a targeted terror attack.' The group Run for Their Lives — Boulder has been holding the demonstrations fairly regularly, sometimes weekly, since Thanksgiving 2023, following the Oct. 7 Hamas attack on Israel, the group has said. Ukraine claims to have struck dozens of Russian bombers deep inside Russian territory, in what would be one of the largest and most audacious attacks on Russian territory in the yearslong conflict. A source within the Security Service of Ukraine (SBU) told NBC News that the country targeted '41 strategic Russian aircraft' in an offensive operation code-named 'Spiderweb.' The remarkable attack was in the works for over a year and a half, the source said. The attack followed a night of bombardment, with Russia launching 472 drones, Ukraine's air force said. Earlier Sunday, Ukraine's army said a Russian missile strike on an army training unit killed at least 12 Ukrainian service members and injured 60. The latest escalation comes just a day before Russia and Ukraine are scheduled to meet for a second round of direct talks in Istanbul. In 2019, Christopher Praino signed a waiver relinquishing his disability compensation from the VA after he was ordered to active duty, because, by law, he could not receive both VA benefits and active-duty pay at the same time. But despite confirming his waiver in a letter, the agency did not fully halt the payments. Instead, it sent various monthly amounts over the next three years, ranging from $0 to over $2,000, Praino's records show. In 2023, the VA said he owed nearly $68,000 and started automatically clawing money out of his military paychecks. In a recent congressional oversight hearing, agency officials partially blamed veterans for exorbitant errors, saying they've been failing to report eligibility changes. But Praino isn't the only veteran who told NBC News they notified the VA in a timely manner. The long-delayed adjustments may indicate another operational shortfall at the VA. Agency press secretary Peter Kasperowicz said the agency, under new leadership, is 'working hard to fix longstanding problems, such as billions of dollars per year in overpayments.' Speaker Mike Johnson, R-La., spoke to NBC News' 'Meet the Press' about the Trump administration's 'One Big Beautiful Bill' package that passed along party lines in the House last month. Johnson defended cuts to Medicaid in the budget bill, telling Kristen Welker, '4.8 million people will not lose their Medicaid unless they choose to do so.' The speaker said he's 'not buying' the argument that the requirements, which would require able-bodied Medicaid recipients to work, participate in job training programs or volunteer for 80 hours a month, are too 'cumbersome.' The bill now heads to the Senate, where some Republicans have voiced concerns about the Medicaid impact. Lights, camera, intel: Director of National Intelligence Tulsi Gabbard is exploring ways to revamp the president's daily briefings, including a video version made to look and feel like Fox News. Crypto conflict: At bitcoin's biggest event of the year, many attendees who support Trump's crypto policies weren't sold on his personal $TRUMP coin. LGBTQ rights: Families told NBC News they've left the U.S. or are planning to leave as a result of a growing anti-transgender climate throughout the country. Failure to launch: Trump has withdrawn the nomination of billionaire private astronaut Jared Isaacman to be NASA administrator, citing 'a thorough review of prior associations.' Immigration ruling: A federal judge has blocked the Trump administration from revoking the temporary protected status of roughly 5,000 Venezuelans who are in the U.S. Hailey Bieber has had a career-making month after securing a billion-dollar deal to sell her beauty empire and landing a Vogue cover. The milestones have renewed the public's obsessive interest in her husband, Justin Bieber, whose erratic behavior and sometimes jaw-dropping online activity have long fueled rumors about his declining health and marriage. 'What's going on right now with Justin Bieber is not a full-blown crisis, but the early-warning system lights are definitely flashing,' said Evan Nierman, founder and CEO of a global PR firm that handles reputation management. 'The contrast between them now is glaring and jarring, and that's why there is so much public discussion about him.' Nabeela Aysen, a New York-based crisis communications expert, noted a slapdash Instagram post from Justin congratulating his wife. 'As someone who works in crisis communications, I would've loved for his team to review that post before he hit publish,' she said. Well, we are all going to die. SEN. Joni Ernst, R-Iowa, at a town hall in her home state When pressed about cuts to Medicaid in the House's budget bill, Sen. Joni Ernst, R-Iowa, pushed back after a town hall attendee said the cuts would lead to deaths. Dozens are feared dead after Israeli forces opened fire on a group receiving aid in Gaza, according to hospital officials and witnesses on the ground. The organization charged with distributing aid vigorously denied the reports. One person was killed and 11 others were wounded in a shooting in North Carolina, officials said. Can AI have survival instincts? Recent tests show some advanced models will act to ensure their self-preservation if threatened with demise. The remains of 19 African American people whose skulls had been sent to Germany for racist research practices in the 1800s have been buried after their return to New Orleans. The badly burned body of a young man was found in Georgia's Stone Mountain Park, authorities say. Actor Devin Harjes, known for his roles in 'Boardwalk Empire' and 'Daredevil,' died on Tuesday at 41. The Indiana Pacers advanced to the NBA Finals on Saturday, defeating the New York Knicks 125-108 in Game 6 of their conference finals matchup. The founder of New Hampshire's largest network of addiction centers has been arrested after federal prosecutors say he orchestrated a conspiracy to stalk and harass local journalists in retaliation for unfavorable reporting. This article was originally published on

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store