{"id":15694,"date":"2017-09-15T09:00:39","date_gmt":"2017-09-15T13:00:39","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=15694"},"modified":"2017-09-15T08:55:03","modified_gmt":"2017-09-15T12:55:03","slug":"market-price-in-restaurants-is-mostly-a-sham","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2017\/market-price-in-restaurants-is-mostly-a-sham\/","title":{"rendered":"\u201cMarket Price\u201d In Restaurants Is Mostly A Sham"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/09\/091517_1251_MarketPrice1.jpg\" alt=\"\" width=\"642\" height=\"353\" \/><\/p>\n<p>Ever seen &#8220;MP&#8221; listed on a menu instead of the actual price? It&#8217;s probably a trick, wrote Kate Krader:<\/p>\n<ul>\n<li>Shielding diners from prices on menus began with freshly caught seafood. Supply is erratic and prices can swing between extremes, making it difficult to print a set price on a menu.<\/li>\n<li>But chefs liked the air of exclusivity it added to menus and so began to use the label on their proudest creations.<\/li>\n<li>Hiding prices also helps prevent sticker shock and artificially lowers the average menu price, making it more popular on sites like Yelp.<\/li>\n<li>This is just one strategy that restaurants have pursued to improve margins. Overall restaurant food prices rose 2.6% last year, while the cost of ingredients fell 1.3%.<\/li>\n<\/ul>\n<p>Read more on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-30\/is-market-price-on-menus-a-scam\">Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever seen &#8220;MP&#8221; listed on a menu instead of the actual price? It&#8217;s probably a trick, wrote Kate Krader: Shielding diners from prices on menus began with freshly caught seafood. Supply is erratic and prices can swing between extremes, making it difficult to print a set price on a menu. But chefs liked the air [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/09\/091517_1251_MarketPrice1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=15694"}],"version-history":[{"count":2,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15694\/revisions"}],"predecessor-version":[{"id":15696,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15694\/revisions\/15696"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/15693"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=15694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=15694"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=15694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}