Spike in food costs puts Oregon restaurants in difficult position | KATU
"It’s just hard because we don’t want to raise prices to where customers won’t come in," said Marcus Oliver, owner of Miss Delta in North Portland. "I mean the cost of food to buy product for food is insane. For instance, there were cases of chicken going for $45 to $50 a case. Now it’s $100 to $120 a case."
Economists are not surprised by the increase in food costs. Bob Whelan with ECONorthwest says he has been following this for some time.
"We have been warning about it for several years and there have been a lot of doubters out there. We have a whole host of things stepping in at the same time ," Whelan said. "Some restaurants folded, many can’t find enough workers, and on top of it, the cost of many items have gone through the roof. It's all because you have the surge in economy and you had a lot of cutbacks in supply. We had the worst of worst, and on top of it all the federal government has essentially over stimulated the economy."
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