Florida ranks 4th with 31 Billion in Restaurant Sales
Only California, Texas and New York out spend Florida in restaurant sales. Plus the consensus is that this year will be a positive one for the restaurant industry as well.
The sales increase for restaurants in 2012 is forecast at 3.5%, while menu price inflation is pegged at 2.7%. Real growth for the industry will be 0.8% in 2012, which will mark the third consecutive year of real growth for the industry.
Menu prices increased 2.4% last year, compared with a 5% rise in grocery store price in 2011,
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