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I went into a bagel shop, and order something that I do once a week. It was always $2.35, yet they raised the price to $3.12. As such, I questioned the fact that they were selling stuff at higher prices, while people's earning had less value, and that causing people to stop coming to the bagel shop and thus a lost of profit. I had a talk with the manager three minutes later, and he offered me a job (I had to decline because I was moving to Thailand in a week).
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Well, in economic failure, the price of everything rises, meaning it it becomes more expensive to procure ingredients, make the food, and pay for the property, not to mention keep up with the inevitable raise in minimum wage and federal taxes. So they kinda have to raise the price, otherwise they'd be losing capital on every bagel.