One Nashville restaurant owner shares inflation troubles and says he had to raise prices and then lower them just to make ends meet.
Tommy Buchanan is the owner of"Granddaddy's Famous Hot Chicken," just outside of Nashville, Tennessee. He works hard to make sure everything he serves has flavor.
Restaurants across the country have had to raise their prices because the cost of ingredients are getting more expensive. That's partly due to the pandemic and Russia's war with Ukraine. The price of a single chicken tender started at $1.25. Then, it went up to a $1.85, then $3. Most recently Buchanan has had to bring the price back down to $1.99, which is a 35% cut, to see if it'll bring in more customers. Buchanan says the price reduction is costing him $1,500 to $2,000 a week. In New York, the classic bacon, egg and cheese breakfast sandwich, which is a New Yorker staple, has gone up in price. One bodega owner had to raise the price from $2.50 to $4.50.
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