Who ordered the $115 steak? Inflation
sends NYC restaurant prices soaring
New York Post,
by
Steve Cuozzo
Original Article
Posted By: Ribicon,
6/14/2022 6:41:21 PM
Hey, big spender. New Yorkers who love to dine out are reeling from the latest affront—huge price hikes for standard dishes with no “luxury” ingredients such as foie gras or truffles in sight. Roast chicken for $40. Halibut for $50. Pasta dishes starting at a whopping $42. Rampant inflation has landed with a splat on Big Apple restaurant menus, and it’s taking a big bite out of customers’ wallets. The cost of eating in a “midmarket” Manhattan restaurant has soared.(Snip)Based on my own experiences and owners’ estimates, New Yorkers going out for a meal should be prepared to pay 20% more across the board.
Reply 1 - Posted by:
Tet Vet 68 6/14/2022 7:00:20 PM (No. 1185882)
That steak was over priced in 2021 as well as 2022. New Yorkers the simple solution is not to order a steak until the price drops. Can you spell Recession to follow?
4 people like this.
Reply 2 - Posted by:
itsonlyme 6/14/2022 7:16:29 PM (No. 1185895)
The Whopper and Big Mac have a case of "shrinkflation". Smaller and more expensive. The Filet-O-Fish is becoming an elitist item, to take home and consume on a table with a red velvet tablecloth.
4 people like this.
Reply 3 - Posted by:
Birddog 6/14/2022 8:17:04 PM (No. 1185932)
I picked up a 16oz dry aged a5 waygu ribeye today for $38 marked down from $66 because it was due to expire. The fact that there were 4 more there as well as half a dozen strip steaks in the same bin had me thinking about going dumpster diving later to dig them out. Stuff the butchers and chefs order/have out for the weekend...may not have a market by the beginning of the week.
The first taste I got of waygu was in NYC and it was $95 several years ago, served raw on a plate, with a verrry hot stone set onto the table, slice a bit of meat sear it quickly on the stone...melt in your mouth.
Covid shutdowns of restaurants let "Good Meat" out...it all used to go to the restaurant trade, most people have never seen Prime at their grocery, many now have it and the cattle raisers make more from the store than they did from the pro-kitchens so it is likely to stay available as long as people look for it and buy it.
When the shut downs first hit I talked to my Kroger butcher(one of the last ones, they are outsourcing most of their meatcutting anymore) Mentioned that people I knew that raised prime beef for the restaurant market were being left with no sales, that he could get prime for about the price of his current Choice sides and wholes...he said "I don't buy it, have zero input, I just cut up what they send me" I suggested he mention it to someone, passed on the number of my friend. They started buying a few, sending them to in-house meat cutters in several different cities...he cuts them up at his store and spreads it to 6-8 stores where they don't cut meat, but have a small section of the meat case for it.
1 person likes this.
Reply 4 - Posted by:
JHHolliday 6/14/2022 8:52:56 PM (No. 1185958)
I haven’t bought a nice steak in several months. I think it may be reaching a point where people don’t think it’s worth the exorbitant price. Our ‘elite’ leaders can still afford to buy the good stuff while urging us peasants to eat crickets and worms. Gruel anyone?
3 people like this.
Reply 5 - Posted by:
DVC 6/14/2022 9:51:15 PM (No. 1186001)
I bought a decent but not fancy dinner in NYC for four people and even in 2006 it was over several hundred bucks.
A lot of NYC has been unaffordable for a while, IMO. There are way to get great meals there cheaply, or there were, just not fancy. The little "corner store" right next door to our very expensive hotel had a really superb cafeteria style take out for cheap. You could barely squeeze in to get to the steam table to fill your take out box, but the food was outstanding.
NYC has always been a weird place. On one block you can get great deals on cameras and electronic devices, a fine diner lunch at reasonable prices across tge street and half a block down, and a couple of blocks away, you can get mugged.
I visited friends and family there a number of times, did a good bit of the tourist stuff...which is weird because you have seen NYC a million times on TV shows...and it seems odd that it's also real place, not just a TV set.
Not ever going back unless I can be legally armed. And maybe not then. I never really liked it very much.
1 person likes this.
Reply 6 - Posted by:
Strike3 6/14/2022 10:31:13 PM (No. 1186032)
All that and a good chance of being maimed or killed on your trip downtown. I'll grill my own Ribeye over charcoal out here in the woods if you don't mind.
2 people like this.
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Treasury Secretary Janet, the most brilliant economic genius this side of the estimable AOL, says inflation is transitory and mild, and in fact is good for the economy. And we're told that inflation is only 5% or so, not the 20% plus indicated in this article, and waves of business failures will have no impact at all on NYC's finances, and if they do, the American taxpayer stands ready with another bailout.