Majority of restaurants fear closure due to inflation and staffing issues 

80% of restaurants will look to increase prices over the coming year.

Chief executive of the RAI Adrian Cummins said that government supports are required for businesses this year. Picture: Gareth Chaney/Collins

Four in five restaurants will look to increase prices over the coming year to mitigate against rising costs as the fear of closures loom large over the sector, a new survey has found.

The survey, conducted by risk advisory firm Kroll in conjunction with the Restaurants Association of Ireland (RAI), has found that 67% of restaurants fear that they will close in the next 12 months as a result of inflation and staffing pressures.