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Restaurant Supply

Burger King Owner Sees ‘Significant Inflation’ for Beef and Mayo

The owner of Burger King and Popeyes sees prices for key ingredients like beef, mayonnaise and bacon soaring amid higher demand and supply constraints, according to an internal report.

Restaurant Brands International Inc. “can see significant inflation across all regions on protein and oils” compared with historical five-year averages, according to a company report on commodities, dated May 17, that was viewed by Bloomberg News.

“Price inflation across the protein market complex has far exceeded even our most bullish forecasts,” the company said in the report.

The company, which also owns the Tim Hortons chain, said that while dining out is returning to pre-Covid business levels, grocery sales are staying high as well. That’s pressuring supply chains at the same time that an extremely tight labor market, including a truck driver shortage, drives up transportation expenses.