Fast Food Prices Skyrocket Far Beyond Inflation Over Last Decade, Chains Raise Costs While Cutting Deals

Prices at fast food chains have increased significantly more than overall inflation over the past 10 years. McDonald's prices grew over 3 times the national inflation rate.

The top 5 chains with the biggest price hikes since 2014 are McDonald's (100% increase), Popeyes (86%), Taco Bell (81%), Chipotle (75%), and Jimmy John’s (62%).

Specific menu items have spiked in price as well, like McDonald's McChicken sandwich doubling from $1 to $2.99.

Chains are offering fewer deals and promotions than before the pandemic.

Experts say price increases will likely slow down soon since chains have already greatly outpaced what consumers are willing to pay.