CreditorWatch says inflation and rising rates more than a storm in a tea cup for hospitality

[Pelican Press 0]

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CreditorWatch says inflation and rising rates more than a storm in a tea cup for hospitality

Cafes, restaurants and bars have become collateral damage in the ****** against inflation with a closure rate north of 8 per cent in the year to July.

The food and beverage sector has been hit by a “perfect storm” of falling demand and rising costs, according to data to be released by CreditorWatch on Wednesday.

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