Posted 11/28/2023, 1:21:36 PM
Fast-Food Prices Hit Record Highs as Chains Pass Rising Costs to Customers
- Fast-food prices jumped 6.2% in the past year, hitting record highs as chains continue raising costs
- Chains like McDonald's, Chipotle, Starbucks, and Pizza Hut have implemented multiple price hikes recently
- Restaurants facing higher costs for food, labor, and in some areas, higher minimum wages
- Customers have begun noticing and complaining about the price hikes
- Expert says restaurants can't maintain low prices given their rising labor and food costs