Fast food fans outraged after another popular chain announces price hike
3 weeks, 1 day ago

Fast food fans outraged after another popular chain announces price hike

Daily Mail  

Fast food fans have been left outraged after yet another chain announced a price hike. Former CEO Brian Niccol said in July that Chipotle was retraining its workforce at ten percent of its locations to ensure customers were getting the right sized portions. Prices for a typical combo meal at the five biggest burger chains - McDonald's, Burger King, Wendy's, Carl's Jr and Five Guys - have risen as much as 120 per cent in a decade. The company said 'several ingredient costs' have risen, primarily avocados and dairy Former CEO Brian Niccol said in July that Chipotle was retraining its workforce at ten percent of its locations to ensure customers were getting the right sized portions McDonald’s - which has been the poster child for price rises, perhaps because it is the biggest - saw prices rise the least.

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History of this topic

Food prices are on the rise again. What’s behind the increase
3 weeks, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Food prices are on the rise again. What’s behind the increase
3 weeks, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Chipotle confirms incoming price increases, primarily due to inflation
4 weeks, 1 day ago

Chipotle confirms incoming price increases, primarily due to inflation

Salon  

As Salon’s Joy Saha reported last week, Chipotle has confirmed a price increase. Saha noted that several of the chain’s key ingredients, including avocados and sour cream, have been “hit hard by inflation.” The company says the price hike is intended to “offset the costs of raw ingredients.” Dee-Ann Durbin of the Associated Press reported that Laurie Schalow, Chipotle’s chief …

Chipotle is raising US prices after promising bigger portions
1 month ago

Chipotle is raising US prices after promising bigger portions

Associated Press  

Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes. Chipotle’s chief corporate affairs officer, Laurie Schalow, confirmed Friday that the Mexican restaurant chain was implementing a 2% price increase nationally. Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a …

Why you might be paying more at Chipotle soon
1 month ago

Why you might be paying more at Chipotle soon

Salon  

Back in October, Chipotle announced in its third-quarter earnings report that food, beverage and packaging costs went up from 29.7% to 30.6% of total revenue due to inflation. “With inflation for its ingredients in the low single digits, Chipotle executives are considering raising prices but want to maintain its appeal to consumers looking for deals and discounts,” the Journal’s Jennifer …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

Is the world giving up on fast food? Or is it just becoming unaffordable? – Firstpost
5 months, 1 week ago

Is the world giving up on fast food? Or is it just becoming unaffordable? – Firstpost

Firstpost  

The fast food industry is grappling with declining sales and changing consumer habits, with giants like McDonald’s experiencing a drop in global and US sales. To counteract the decline, McDonald’s and other fast food chains have attempted to appeal to budget-conscious consumers with value meal promotions. A sign for the US fast food restaurant chain McDonald’s is seen outside one …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 3 weeks ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?
6 months, 3 weeks ago

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?

LA Times  

Millions of American families are hitting the road to start summer vacation, and ordering food on the run tends to be par for the course. After McDonald’s announcement last month, other fast food restaurants followed suit. The fast-food giant described this profit increase as having “benefited from average check growth driven by strategic menu price increases.” Price-weary diners have taken …

Even with food prices flattening out, the cost of dining out is still going up
6 months, 3 weeks ago

Even with food prices flattening out, the cost of dining out is still going up

CNN  

New York CNN — Grocery prices stayed flat in May, after ticking down the month before. But menu prices, a source of frustration for budget-conscious consumers, are still going up — even as restaurants brag about their discounted meals. Menu prices rose 0.4% at sit-down restaurants from April to May, adjusted for seasonal swings, according to inflation data released Wednesday …

Nearly 80% of Americans say fast food is now a luxury because it’s become so expensive
7 months, 1 week ago

Nearly 80% of Americans say fast food is now a luxury because it’s become so expensive

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Almost 80 percent of …

Fast food deals were off the table. Now they’re roaring back
7 months, 1 week ago

Fast food deals were off the table. Now they’re roaring back

CNN  

New York CNN — For years, restaurant executives had a confident message for investors: We’re raising prices, and customers don’t care. “We believe this represents a tipping point in the industry’s intensified push on value that we worry will extend beyond the promotion’s scheduled run as competitors look to protect share,” Cowen analyst Andrew Charles wrote in a note, referencing …

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras
7 months, 1 week ago

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras

Salon  

Earlier this month, social media star and food critic Keith Lee took to TikTok to post a review of several menu items from Chipotle. I truly want to find out.” Lee also complained about the lack of chicken in his bowl, saying Chipotle’s “portions been crazy low.” An online frenzy soon ensued with other consumers echoing similar sentiments and accusing …

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food
7 months, 3 weeks ago

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is set to …

McDonald's sales miss market expectations amid boycott calls in several markets
8 months, 1 week ago

McDonald's sales miss market expectations amid boycott calls in several markets

Hindustan Times  

McDonald's, the global fast-food giant, has posted below expectations quarterly results in the first quarter as it fell short of Wall Street estimates for sales amidst economic pressures and geopolitical tensions. Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions Despite posting a quarterly adjusted per-share profit of $2.70, slightly below analysts' estimates of $2.72, the …

Restaurant Bills To Rise By 8% This Month; Here's Why
9 months ago

Restaurant Bills To Rise By 8% This Month; Here's Why

News 18  

Eating out and ordering food will be more expensive, including chocolates. The bills in fast food restaurants and upscale restaurants could rise by 5-8% from this month, as the prices of cocoa, coffee, palm oil and sugar have risen sharply in the last quarter. “We assess the situation closely.” Cocoa prices have risen to a record level and reached over …

Letters to the Editor: Upset over California’s $20 wage? Wait until you see what fast-food CEOs make
9 months ago

Letters to the Editor: Upset over California’s $20 wage? Wait until you see what fast-food CEOs make

LA Times  

To the editor: In 2022, Chipotle’s chief executive received bonus pay worth nearly twice his annual salary. We should be asking why they’re not cutting back on these exorbitant bonuses to help pay their workers a livable wage instead of passing the buck to customers or threatening to cut staff. Just your run-of-the-mill Vons or Stater Bros. It’s negligent — …

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

Associated Press  

WASHINGTON — Inflation has changed the way many Americans shop. “That was the fear — that everybody would tolerate higher prices,” said Gregory Daco, chief economist at EY, a consulting firm, who notes that it hasn’t happened. “I don’t think we’ve moved into a high inflation regime.” Instead, this time many consumers have reacted like Stuart Dryden, a commercial underwriter …

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That was the fear — that everybody would tolerate …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 4 weeks ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

Chipotle is raising prices for the fourth time in two years and fans are not happy
1 year, 2 months ago

Chipotle is raising prices for the fourth time in two years and fans are not happy

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Corporations are keeping food expensive because, well, they can
1 year, 10 months ago

Corporations are keeping food expensive because, well, they can

CNN  

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. “Companies view these as occasional opportunities, and they don’t want to miss out,” Jean-Pierre Dubé, a marketing professor at the University of Chicago Booth School of Business, told Danielle. But have, I think, taken price increases that exceed that,” said Mark Lang, an associate professor of marketing …

Egg crisis hits as grocery price inflation soars to record 17.1%
1 year, 10 months ago

Egg crisis hits as grocery price inflation soars to record 17.1%

The Independent  

Grocery prices have sky-rocketed by a record 17.1 per cent compared to a year ago, according to new research which underlines that the cost of living crisis is far from over. Analysts at the firm looked at grocery inflation, or rising prices, in the four weeks to 19 February and found a 17.1 per cent rise when compared with the …

McDonald’s increases price of five menu items
1 year, 10 months ago

McDonald’s increases price of five menu items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is raising the price …

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’
1 year, 10 months ago

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is set to hike the price of five items …

Fast food chains report profits in US as inflation weighs on pricier restaurants
1 year, 10 months ago

Fast food chains report profits in US as inflation weighs on pricier restaurants

Firstpost  

Amid rising food prices due to inflation, fast food giants have emerged as the winner in the United States in terms of earnings. As per a CNBC report, a pattern has been seen in the food industry, with fast-food chains appealing to a broader section of customers rather than casual-dining ones or pricier restaurants. McDonald’s, for instance, saw its US …

Inflation may be easing, but grocery prices are still way up
2 years ago

Inflation may be easing, but grocery prices are still way up

CNN  

New York CNN — Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more expensive, with grocery prices rising 12% and menu prices jumping 8.5%, not adjusted for seasonal swings, the Bureau of Labor Statistics said Tuesday. Food prices are affected by a number of factors, including extreme weather, diseases impacting crops and …

Inflation hits the Costco food court: Chicken bake price up $1, soft drinks up 10 cents
2 years, 6 months ago

Inflation hits the Costco food court: Chicken bake price up $1, soft drinks up 10 cents

LA Times  

Customers outside a Costco in Burbank in March 2020. Soaring food costs, driven by staggering inflation rates, have reached a bargain bastion many thought was invincible to price hikes: the Costco food court. Starting this week, Costco’s chicken bake costs $3.99, a $1 increase, and the 20-ounce soft drink costs 69 cents, up 10 cents, The Times confirmed at multiple …

Rampant Bidenflation of 9.4% forcing retailers to charge market prices for WINGS
2 years, 7 months ago

Rampant Bidenflation of 9.4% forcing retailers to charge market prices for WINGS

Daily Mail  

As the warm weather rolls in and Americans prepare for summer barbeques and games days, they might just be shocked at the price of their favorite staple: chicken wings. Chicken wing costs have soared as inflation continues to rise, with some restaurants being forced to sell them at market value The owners of Sal and Mookies have been forced to …

US consumer prices surge in June by the most since 2008
3 years, 5 months ago

US consumer prices surge in June by the most since 2008

Associated Press  

WASHINGTON — Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the Labor Department showed that consumer prices in June rose 0.9% from May and 5.4% over the past …

Grocery prices rose by four percent; notably pet food, meat and salad cost more
3 years, 7 months ago

Grocery prices rose by four percent; notably pet food, meat and salad cost more

NL Times  

Grocery prices have increased on average between three to four percent compared to last year, the AD reported. Prices for fresh meat products, salads and bread even rose by nine percent, a study by the research agency GfK showed. “The price increase of many products is higher than the inflation rate of 1.9 percent”, Norman Buysse from the GfK explained. …

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