Steakhouses chop portions and raise prices as cost of beef surges
Restaurant profit margins squeezed as US and UK are hit by cattle shortages and high demand from protein-hungry diners
Related reading
The soaring price of a steak
Beef costs have risen sharply in many countries, adding to the pressure on living standards and bringing Donald Trump into…
Australian steak influx threatens UK beef, farmers warn
A sharp uptick in prime cuts is distorting the UK market, say industry groups
Restaurant chains feel the pinch as US consumers tighten their belts
Americans are increasingly eating at home as they fret about job security and stubbornly high prices
Tips are taking the place of restaurant wages
UK hospitality chains have increased service charges to offset the high cost of employment
Food giants were finally starting to cut prices — then the war began
Spectre of another surge in inflation leaves struggling consumer goods groups with difficult decisions
The rise of the eat-at-home economy
Consumers are increasingly shunning the restaurant experience for the comfort and cost savings of their living rooms