
A rally on Wall Street, throwing in the towel on housing and Wolfgang Puck 10/21/22
Power Lunch
00:00
Are You Seeing Any Restraint in Price Inflation?
Food costs went up probably 15%. Some things like restaurant equipment went up 20%. You know, labor is going up because it's supply and demand. We still have a labor shortage. And so the prices of labor go up. If you want to retain people, everybody is opening new restaurants after the pandemic. So the labor market is still very, very tight. They feel great when they come and work.
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