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Up until fairly recently, consumers were willing to pay more for quick-service food. When fast food prices started to soar in 2022, consumers just went along because prices everywhere had surged ...
Put another way, fast-food prices have increased at close to double the national rate of inflation. Take McDonald's, for example; the undisputed king of fast food's menu prices have jumped by 100% ...
How does fast food inflation compare to actual inflation? According to the Bureau of Labor Statistics, the cost of goods in the U.S. has risen 31% since 2014, meaning $100 in 2014 dollars is worth ...
In that time prices ticked up 0.2% at limited service spots, which include fast casual and fast food joints. The difference between grocery increases and menu price inflation was more pronounced ...
The report also says from 2014 to 2024, the average menu prices for fast-food increased between 39% and 100%. The data suggest the hike in menu prices are due to inflation.
In the Bureau of Labor Statistics’ Consumer Price Index, the food at home category rose only 1.3% between December 2022 and December 2023, but food away from home rose 5.2%.
It should be noted that most major fast-food chains, Chipotle included, have raised their prices over the past decade at nearly double the rate of inflation, according to FinanceBuzz. Nikki H. / Yelp
The cost of a Big Mac or a Chalupa has doubled since 2019, according to archived and current pages of the Fast Food Menu Prices online tracker. Restaurant inflation ... Fast-food prices have ...