Steakhouses consider price increases as beef costs rise

03/26/2012 | Wall Street Journal, The

High-end restaurants in New York City are raising steak prices and tweaking their menus in the face of rising beef costs. Tertulia raised its 48-ounce prime rib $10 to $92 last week, and the New York strip and rib-eye at Uncle Jack's Steakhouse now are priced at $55. The rib-eye has been off the menu altogether at the Water Club since the cut hit $13-per-pound a few months ago.

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