Inflation Squeezes Restaurants and Patrons as Prices and Costs Surge
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Restaurant owner Chip Bradley raised prices 20% in June to offset inflation costs like eggs jumping from $0.09 to $0.47 each.
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Patron Alexander Groves says his pay isn't keeping up with businesses' inflation adjustments.
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October inflation data showed housing and grocery prices remained high.
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Average hourly earnings fell 3.32% from Jan 2021 to Oct 2022 due to inflation.
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Groves feels the pinch at the gas pump and on rent/mortgage payments.