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Deckard

Cost Of Eating Out In London Declines For First Time Since 1997

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http://www.bloomberg.com/apps/news?pid=206...id=a7KIBkaODk8U

Sept. 8 (Bloomberg) -- The cost of eating out in London has fallen for the first time since 1997 as consumers stay at home, according to “Zagat London Restaurants 2010,†published today.

The average price of a meal slipped 0.4 percent from a year earlier to 40.39 pounds ($65.96), meaning the U.K. capital is cheaper than its Japanese and French counterparts, according to the guide. Tokyo equates to 57.43 pounds, Paris to 48.51 pounds and New York to 25.10 pounds, Zagat said.

Is this true? Can someone provide anedoctals?

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http://www.bloomberg.com/apps/news?pid=206...id=a7KIBkaODk8U

Is this true? Can someone provide anedoctals?

The cynic in me says to expect next month, hidden in the small print, an increase in the weighting allocated to Restaurant bills as part of the CPI calculation - substitution effect and all that (you know, restaurants are cheaper so people eat less at home and more outside, etc etc).

Wouldnt surprise me in the least.

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I presume that they've worked out the average price of a meal in the Zagat-listed eateries...

If so, it's a pretty meaningless statistic - Zagat is not going to list places like Burger King or your average pub grub, yet these are far more representative of an average meal out for a Londoner than a place like this.

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I agree. There are many special offers around to entice people in.

Literally 2 minutes ago my local restaurant sent me an email:

"Dine at The Chancery for lunch or dinner Monday to Friday and receive two courses from our full a la carte menu for 20.00 pounds or three courses for 25.00 pounds

The above offer is from the full a la carte menu normally priced at 34.00 pounds per person."

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