Hoteliers favour 10% hike in food prices

NT Correspondent

While the economy is making a slow recovery from the Covid-19 slowdown, the increase in petrol and diesel prices on a daily basis is taking a heavy toll on overall inflation.

In the latest development, hotels and restaurants have increased the prices of snacks, meals, tea and coffee by 10% due to the increase in prices of essential commodities.

A statement released by the Hotel Owners Association stated that an increase in cooking oil, tea and coffee powder and LPG gas rates and other essential commodities has led the Hotel Owners Association to increase the prices by 10%. “The decision was taken at a meeting of the Bangalore Hotel Owners Association,” read the statement.

"An increase in the price of essential commodities is making it difficult for hoteliers. In this case, the hike in prices is inevitable. Keeping in m i n d the interests of customers, we have decided to increase the prices of food items by 10 per cent,” states the press release.

However, Krishna Raju of Nisarga Grand has decided not to hike food prices as it would be a burden on customers.