Restaurants plan for commodity inflation, menu price increases

Many in the restaurant industry will look back on 2011 as a year of recovery that was hindered by skyrocketing commodity costs and caution about raising menu prices — a move many feared would scare off consumers still skittish about spending.

Going into 2012, rewind and press play: More of the same is expected.

After a year when many chains reported food basket inflation of 5 percent or more, the outlook for next year is that those costs will ease only slightly.

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