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Fast Food Prices

All articles tagged with #fast food prices

business1 year ago

McDonald's Clarifies $18 Big Mac as Rare Exception Amid Price Concerns

McDonald's USA President Joe Erlinger addressed concerns over reports of an $18 Big Mac meal, stating it is an exception and not the norm. He emphasized that the average Big Mac price is $5.29, up 21% since 2019, and that franchisees set prices based on increased operational costs. Amid rising fast food prices, McDonald's plans a $5 meal promotion to attract budget-conscious customers, as some Americans reduce fast-food consumption due to cost concerns.

via CBS News|
#business#consumer-behavior#fast-food-prices
business1 year ago

Burger King Races to Launch $5 Meal Before McDonald's

Burger King is launching a $5 value meal promotion to attract budget-conscious customers amid rising fast-food prices, following a similar announcement from McDonald's. The promotion includes a choice of one of three sandwiches, chicken nuggets, fries, and a drink, and will start on a trial basis before McDonald's $5 promo begins on June 25. Fast-food chains are using promotions to counteract decreased foot traffic due to higher menu prices driven by rising labor and food costs.

via CBS News|
#burger-king#business#consumer-behavior
economy1 year ago

"Fast Food Becomes Luxury as Prices Soar Amid Inflation Crisis"

Under President Joe Biden, fast food prices have surged dramatically, with items like McDonald's Big Mac and Subway's BLT Footlong nearly doubling in price since 2019. This rapid increase, outpacing wage growth, has led 78% of consumers to view fast food as a luxury, significantly impacting lower- and middle-class families who rely on affordable meals. The Federal Reserve attributes this to rising wages and food production costs, marking a severe inflation crisis in the U.S.

via The Daily Wire|
#cost-of-living#economy#fast-food-prices
business1 year ago

Costco's Crackdown: Membership Requirement for Food Court Access

Costco is tightening its food court rules by no longer allowing non-members to make purchases, citing long lines and member complaints. This decision comes as fast-food prices surge, with consumers seeking value, such as Costco's $1.50 hot dog and drink combo. The move reflects a shift in consumer behavior due to rising fast food prices and inflation, prompting discussions about the cost-effectiveness of Costco's food offerings compared to traditional fast food options.

via Outkick|
#business#costco#fast-food-prices
food-and-business1 year ago

"Why Andrew Zimmern Says Your Five Guys Order Costs $24"

Andrew Zimmern explains that rising fast food prices, exemplified by a recent viral outrage at Five Guys, are due to various factors including soaring beef costs, severe weather impacting cattle, concentration of market power among a few companies, rising prices for ingredients like buns and tomatoes, increased labor costs, and the need for fair wages and benefits for employees. He argues that Americans are emotionally addicted to low food prices and that the industry needs to charge prices sufficient to sustain their businesses and pay fair wages.

via KOMO News|
#andrew-zimmern#beef-market#fast-food-prices