[HIGHLIGHTS] Price shock in the catering industry: How many restaurants are becoming more expensive

Price shock in the catering industry: How many restaurants are becoming more expensive. Around 20 percent of German restaurants adjusted their prices in the first two weeks of January.

A third of all catering businesses see a slide into the loss zone. Economist sees tax reduction “socially counterproductive” Economists, on the other hand, praised the federal government. The seven percent VAT on food must remain, says economist Oliver Holtemöller from the Leibniz Institute for Economic Research in Halle.