Tuesday, April 26, 2011

McDonald's: Prices Are Going Up

Even after raising prices by 1 percent in March, it looks as though McDonald's will be raising prices again because of a rise in U.S. food prices:
"The company said it expects an increase of 4 percent to 4.5 percent in food prices in U.S. and Europe for the year. In January, McDonald's predicted an increase of 2 percent to 2.5 percent for U.S. food prices."
Perhaps you say "I'll just go somewhere else." or "I never go there anyway."  Unfortunately, other restaurants will have to follow suit:
"As the world's biggest hamburger chain, McDonald's can influence the rest of the fast-food industry with its decisions about how to deal with the rising prices."
Full article at AP.