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Hungry Magazine - All Things Tasty
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07.22.06

The High Cost of Dining

Bites: News and Miscellany


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money

Chicago’s Zagat survey is out. A stat I found interesting…

In line with the Consumer Price Index, the average cost of a meal in Chicago is up an annualized 3.3% since the last Zagat survey (from $31.64 to $33.75) and remains just above the national average of $32.21, but at the high-end, among the twenty most expensive Chicago restaurants, prices went up 6.75%.

Is this top toque hubris and an attempt to gouge unsuspecting foodies? Or is the world market price of black truffles, chanterelles, and liquid nitrogen outstripping the Consumer Price Index?

One Comment on "The High Cost of Dining"

ab

I think it’s a direct reflection on the increasing quality of ingredients the top restaurants have to use to attract customers. For instance, the proliferation of midwest-raised free range/organic meats, and the high price of truffles, like you mentioned.

It’s competition at it’s best. In many cases, it’s worth it - one thing it’s hard to accuse restaurants of is price gauging. Too many places fail, and the risk of being outside of an acceptable quality-to-price ration in Chicago would result in failure for all but the most conceptual cheesy restaurants (ala SushiSamba Rio et al.).



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