Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTKirk O’NeilMon, June 22, 2026 at 9:47 PM GMT+2 4 min readRising food costs driven by inflation have been a problem for U.S. steakhouses ranging from high-end to budget establishments, leading some well-known restaurants to permanently shut their doors and in some cases file for bankruptcyAn increase in the cost of beef that led to steak prices spiking 16% to $12.73 per pound in March 2026, according to data from the Federal Reserve Bank of St. Louis, affected menu prices and discouraged some diners from dining in steakhouses, taking a bite out of restaurant revenue.Steakhouses that have closed locations in the U.S. over the last three months have included