Rising beef prices might force Philly shop to list cheesesteaks at market price: ‘I really hate to do that’

What's fascinating this is Economy·InflationRising beef prices might force Philly shop to list cheesesteaks at market price: ‘I really hate to do that’By Tassanee VejpongsaBy Ed WhiteBy The Associated PressBy Tassanee VejpongsaBy Ed WhiteBy The Associated Press Malik Everett fries beef for a cheesesteak at Jim's South St

Conversely, Matt Rourke—APKen Silver knows beef because he knows Philly cheesesteak (fascinating analysis)

He hopes that a summer spike in how much he pays for his restaurant’s main duct doesn’t cause heartburn for him or his customers

Silver, president of Jim’s South St

In Philadelphia, said he might have to raise prices for his sandwiches to offset the rising cost of beef or even declare a market price, which is commonly associated with seafood, in today's financial world. “I really hate to do that,” said Silver, whose father started the in 1976

Additionally, Beef prices have been steadily rising over the past 20 years because the supply of cattle remains tight while beef remains

Silver said the price of beef from his supplier now is $1 more per pound than it was a year ago

However, “Our strategy right now is just absorbing the price and hoping that we see a reduction after the summer months are over, the grilling season and all the rest,” Silver said Wednesday

On the other hand, On the other hand, He said a cheesesteak sandwich at Jim’s South St. 49, up from $11 (quite telling), given the current landscape. 49 in 2022, when the restaurant was forced to close for nearly two years due to fire

Additionally, Cheesesteaks typically are made with thinly sliced beef, cheese and onions, though other toppings are possible, too, in light of current trends

On the other hand, 12 in June, up nearly 12% from a year ago, according to U

Government data, in light of current trends

The average price of all uncooked beef steaks rose 8% to $11. 49 per pound. “We’ve taken a hit, fitability-wise, just to maintain what our customers would expect to get when they come to us: a reasonably priced cheesesteak of the best quality they can find,” Silver said (noteworthy indeed), in this volatile climate

Additionally, A customer, Bryan Williams, suggested a price hike wouldn’t discourage him from placing an order

However, Meanwhile, “That’s just how things are going lately,” he said (quite telling), given current economic conditions. “There’s really nothing that they can do it. ” Introducing the 2025 Fortune 500, the definitive ranking of the biggest companies in America, in light of current trends

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