Restaurant Prices Skyrocket in Calgary: What It Means for You

Whopping 80% of Canadian restaurants have recently hiked their prices, according to a new report. Gustavo, a Brazilian retiree living in Calgary for three years, has noticed this trend firsthand. As someone who enjoys dining out, he shares how this impacts expats and digital nomads in the city.

Why It Matters

For expats and digital nomads in Calgary, this news is significant. Gustavo has found that even after a few years, the cost of dining out continues to rise, making it more challenging to budget for leisure activities.

The Numbers

• 80% of Canadian restaurants reported raising menu prices in the past year.
• Half of these restaurants plan to raise prices again within the next 12 months.
• Food and beverage costs have increased the most, followed by labor and wages.

This price hike can significantly impact your monthly expenses, especially if you frequently dine out. Gustavo suggests keeping an eye on your budget and being prepared for slightly higher bills at restaurants. If you're considering opening a business, be aware that the costs of running a restaurant have increased, making it more challenging to turn a profit.