Inflation Hits Restaurants and Art

Inflation’s crushing the restaurant industry, forcing owners to choose between hiking prices—risking lost customers—or folding under rising costs, including delivery fees fueled by stubborn gas surcharges. Economists warn consumers are cutting back, tapping savings, or racking up costly credit card debt, echoing the 2022 spending surge post-pandemic, with a full six to twelve months of cooling ahead—even if global tensions ease. Restaurants, still recovering from the pandemic, dread menu price hikes and reprinting costs, but experts say it’s a necessary evil to survive. Meanwhile, the art market feels the squeeze as discretionary spending tightens, though Santa Fe’s scene shows resilience. Surprisingly, movie theaters and performing arts centers remain steady—people still crave escape, and a strong slate of new films keeps crowds coming. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b4bc749d9e62a666