Inflation Kills New York’s $ 1 Pizza Slice Tradition: “Our Profit Margin Is Going Down Every Day”
TPizza prices are rising in New York City, a destination world famous for its delicious slices.
âIt’s a little scary sometimes,â said Slone Elias, a 2 Bros. customer. Pizza. âUltimately, this will be reflected in the rise in food prices in all restaurants. ”
The pizzeria lists the prices of $ 0.50 pizza slices on a menu board just below its iconic red marquee with “$ 1 Pizza,” the New York Post reports .
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âInflation affects every ingredient, every item we use. Flour, cheese, tomatoes, gloves, stationery, paper plates, napkins. All. The workforce is also on the rise, âsaid the 2 Bros. co-founder. Pizza, Oren Halali.
Staten Island’s Mona Lisa pizzeria owner Lenny Giordano agrees the prices are getting out of hand.
âI can list about 200 items that I buy for my store each week and each of them has increased by 50-200% (over the past year),â he wrote in an article on social networks addressed to customers, listing staggering prices. jumped up. âOur profit margin is shrinking every dayâ¦ We try not to scare people off with higher prices. If we increase the prices in line with the increase in food prices, we will soon have no more customers coming through the door. ”
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According to the National Restaurant Association, 97% of casual restaurants have experienced delivery delays or food shortages in recent months, and 81% have had to change menu offerings due to shortages and delays. Some 88% of casual dining establishments reported lower profit margins than before the COVID-19 pandemic.