Mumbai, Oct. 17 -- Hotels and restaurants across Mumbai are likely to hike food prices by 10 to 15 per cent over the next one to two weeks as rising costs of vegetables, edible oils, pulses, commercial LPG and other essential commodities put mounting pressure on the hospitality industry.
The Indian Hotel and Restaurant Association (AHAR) has indicated that a revision of menu prices may be necessary to offset escalating operating expenses.
Prices of vegetables, grains, pulses and edible oils have risen significantly in retail markets over the past few months. Drought conditions in Maharashtra have affected the supply of agricultural produce to Mumbai, contributing to a sharp rise in vegetable prices. Higher commercial LPG prices and increa...