The price of a pizza is a key indicator of a restaurant’s quality and how much it costs.
However, for the past year, a new study has found, pizza prices are on the rise.
The study, conducted by The Conversation and PricewaterhouseCoopers, found that pizza prices have gone up by more than $200 per week, with average prices up nearly 40 per cent in the past four years.
“The trend is clear: prices are up by a lot,” said Professor Simon McLean, an economist at the University of Melbourne.
“It’s a significant increase over the past three years.”
Pizza prices are now about half the amount they were when the study began in 2015, but they have also increased by around 20 per cent over the last five years.
Professor McLean said the rising cost of pizza was a “big issue” for fast food restaurants.
”This is one of the things that I think we need to be thinking about is how do we make our restaurant a bit more attractive, and the fact that they’re not necessarily charging you a premium for the food they’re serving is an issue as well.
“Professor Mclean said it was crucial for restaurants to offer a range of different types of food.
A lot of times, you’re going to be offered the best steak, but there’s usually a wide range of other types of meat available, he said.
Some fast food chains are offering meat alternatives, but Professor McLeans said it wasn’t clear what those alternatives were.
Professor McLean pointed out that the number of people ordering pizza has also increased, with many restaurants now offering a range.
He said there were many ways to eat at a restaurant, but it was important for the customer to be aware of what type of food they were ordering.
The Australian Competition and Consumer Commission has been conducting a range on the subject, with the first report expected to be released in April.