Prices to go up at Olive Garden and Red Lobster

September 17, 2008 3:05:50 PM PDT
Two well-known restaurant chains are jacking up their prices.Olive Garden and Red Lobster will increase menu prices by about 3 percent next year.

That's higher than previous annual increases for both restaurants.

Darden Restaurants, which owns both chains, says the high cost of food, energy and labor are to blame.