{"id":66968,"date":"2024-03-12T07:19:18","date_gmt":"2024-03-12T12:19:18","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66968"},"modified":"2024-03-12T07:19:18","modified_gmt":"2024-03-12T12:19:18","slug":"expect-another-surge-in-food-prices-fueled-by-dynamic-pricing","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66968","title":{"rendered":"Expect Another Surge in Food Prices Fueled by Dynamic Pricing"},"content":{"rendered":"
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Expect Another Surge in Food Prices Fueled by Dynamic Pricing<\/a><\/h3>\n<\/div>\n<\/div>\n
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Restaurants are moving towards dynamic menu prices. Expect big surcharges for peak times. Don\u2019t expect off peak prices to drop much. Labor costs are rising too.<\/p>\n

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CPI food indexes prices, data from the BLS, chart by Mish<\/figcaption><\/figure>\n

Surge Pricing Is Coming to You<\/strong><\/p>\n

Restaurants are experimenting with surge pricing to deal with peak hours and staffing demand. They like it. You probably won\u2019t.<\/p>\n

The Wall Street Journal reports\u00a0Surge Pricing Is Coming to More Menus Near You<\/a><\/p>\n

Restaurants like San Diego-based Cali BBQ are experimenting with a form of the dynamic pricing long used by airlines, hotels and ride-hailing services. Technology providers are pitching services that enable restaurants to change prices weekly or monthly, increasing or slashing the cost of a taco or sandwich between a few quarters to several dollars, depending on demand and sales patterns.<\/p>\n

Dynamic pricing\u2014charging higher rates at peak times and dropping them at slower ones\u2014has become commonplace in industries such as e-commerce, and mobile apps have made it easier for companies to study consumers\u2019 buying and browsing and quickly adapt. Rising costs in recent years have led more retailers to implement it.<\/p>\n

Restaurants are experimenting with the technology as the industry looks for ways to boost sales and increase profits. Many restaurants increased menu prices as labor, food and other costs have soared since 2021.<\/p>\n

Wendy\u2019s drew public scrutiny after the burger chain said in a mid-February earnings call that it was looking to test dynamic pricing. The chain said it would invest around $20 million in its U.S. restaurants to install digital menu boards by 2025 that could suggest items to customers and present different offerings depending on the time of day.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Expect Another Surge in Food Prices Fueled by Dynamic Pricing Restaurants are moving towards dynamic menu prices. Expect big surcharges for peak times. Don\u2019t expect off peak prices to drop much. Labor costs are rising too. CPI food indexes prices, data from the BLS, chart by Mish Surge Pricing Is Coming to You Restaurants are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1055,172,18189,322,14648,13390,13351,34168],"class_list":["post-66968","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumer-price-index","tag-cpi","tag-food-price-inflation","tag-food-prices","tag-michael-shedlock","tag-mishtalk","tag-price-inflation","tag-surge-pricing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66968"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66968\/revisions"}],"predecessor-version":[{"id":66969,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66968\/revisions\/66969"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}