Rising prices are discouraging people from eating out or from ordering-in from restaurants, according to a new study by bid-on-equipment.com, which sells a variety of used equipment, including restaurant equipment.
The study surveyed 1,008 Americans early this year. It found 50% saying they are eating out less because of inflation.
The impact of the Pandemic was evident in survey responses, 40% of those answering said at least one of their favorite restaurants had closed permanently during the Pandemic.
Local restaurants still are preferred by more people than are chains. When searching for a place to eat, people turn to Google, word-of-mouth, Yelp and other social media, the survey found. (For more survey responses, see the graphic here).