Mumbai Restaurants Likely to Hike Food Prices by 10–15% Amid Rising Costs
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Mumbai, Oct 17 : Hotels and restaurants across Mumbai are likely to increase food prices by 10 to 15 per cent over the next one to two weeks as rising costs of vegetables, edible oils, pulses, commercial LPG and other essential commodities put mounting pressure on the hospitality industry.
The Indian Hotel and Restaurant Association (AHAR) has indicated that revising menu prices may become necessary to offset escalating operating expenses. AHAR President Vijay Shetty said the revised prices could come into effect as early as next week.
Prices of vegetables, grains, pulses and edible oils have risen significantly in retail markets over the past few months. Drought conditions in Maharashtra have affected the supply of agricultural produce to Mumbai, contributing to a sharp increase in vegetable prices.
Higher commercial LPG prices and rising commercial rents have further increased the financial burden on hotel and restaurant operators. Industry representatives said the growing cost of running food establishments has made it increasingly difficult for businesses to sustain operations without revising menu prices.
According to the association, a hike in food prices may be unavoidable amid the continued rise in input costs. Tea and breakfast items have already become more expensive, while the proposed revision could affect almost all food items served at hotels and restaurants.
Depending on the establishment and the dish ordered, individual items could cost an additional Rs 10 to Rs 20 following the proposed increase.
The anticipated hike is likely to affect office-goers, students living away from their families and consumers who regularly order meals online. Residents who depend on hotels and restaurants for their daily meals could also face a significant increase in their monthly food expenditure.
AHAR has more than 25,000 members across Mumbai and its surrounding areas, including restaurants and bars.
If implemented, the proposed 10–15 per cent increase would add to the financial burden on consumers already grappling with rising living costs.
Tighten repetitive cost referencesClarify AHAR’s pricing statement