Restaurant Industry Predicts High Food, Labor Costs Throughout the Year

A waiter carries food at The Farmhouse restaurant in Newport Beach, Calif., on Sept. 9, 2020. John Fredricks/The Epoch Times

The National Restaurant Association has released its annual State of the Restaurant Industry report, giving a broad assessment of trends in the restaurant industry and making numerous predictions for the near future.

The new report, released on Feb. 1, predicts slower growth in the industry in 2022, while describing many of the challenges faced by restaurants in this choleric economic situation.