Inflation rates hit a
40-year high, and consumer prices jumped 9% over last
year. So, how is that impacting summer Jersey Shore travel, when the costs of everything, from
the grocery store to the gas station, are more expensive?
Some businesses in the Belmar area say it seems
summer shore travel has slowed since inflation rates started to skyrocket. They
say less people are there on the weekdays. Inflation rates are eating into the
small business' bottom line and fewer tourists have been coming down the shore.
"Someone who used to
come to the beach, four five days a week, are now coming two three days a week,
I'm now noticing that more people are bringing lunches,” says Tom
Rodgers, owner of Mamalukes.
Inflation prices are
impacting tourists too. Marina Lombardi is from Morris County. She's carpooling to save money,
as the cost to drive to the shore
has doubled.
"I mean, I don't want
it to ruin our summer or my summer, nevertheless, but at the end of the day,
the price to live has been skyrocketing so saving and doing things has been a
sacrifice and a compromise,” says Lombardi.
To compensate for the rising
costs and keep employees on the payroll, Mamalukes had to raise its prices.
"We had to raise our
prices in the beginning of the season, unfortunately, about three weeks ago, we
had to raise the prices again,” says Rodgers. “I didn't foresee a 10% increase in just the food
that we're purchasing right now."
It's much the same story at
Blend on Main in Manasquan. Owner and chef Lou Smith says the costs of doing business has at least
doubled over the last year. He raised his prices by 6%. He says it's not to get
rich, but to stay afloat.
"We have 53 employees
here,” says Smith. “I've done everything possible to keep them happy and
employed and that's at risk of 53 families."
Businesses owners say they
do not see an end on the horizon in the rising costs. Some say they know
everyone is feeling the squeeze, but any support you can give to the small businesses where
you live makes a difference.