Major restaurant chains are cutting menu prices due to high food costs, decrease in consumer demand
7 months, 2 weeks ago

Major restaurant chains are cutting menu prices due to high food costs, decrease in consumer demand

Salon  

Fast food has long been regarded as a convenient and affordable meal option. A recent study from FinanceBuzz found that average fast food prices have risen between 39% and 100% from 2014 to 2024 — increases that “outpaced” inflation during the given time period. Earlier this year, the multinational fast food chain sparked a national debate after a McDonald’s in Darien, Connecticut, charged an astounding $18 for a Big Mac combo meal. Wendy’s said it’s “doubling down on better breakfast with unmatched value and quality on the go” with its latest meal deal, according to Food & Wine. The Nuggs Party Pack Map — which details which stores are serving up the crowd-sized meal — was designed by Rashiq Zahid, who created the McBroken website to expose McDonald’s so-called “broken” ice cream machines.

Food Prices Price Meal Customers Fast Fast Food Kempczinski Menu Prices  fast  small  customers  consumers  costs  mcdonalds  price  menu  high  meal  food  restaurant  cutting  prices  decrease  demand  wendys  major

History of this topic

A wave of significant menu changes is reshaping fast food
6 days, 18 hours ago

A wave of significant menu changes is reshaping fast food

CNN  

New York CNN — It’s not just McDonald’s that is giving its menu a budget-friendly makeover. Dunkin’, KFC, Subway, Taco Bell and Wendy’s have all debuted new promotions this month, continuing last year’s theme that affordability rules in enticing inflation-weary consumers turned off by rising prices back to their restaurants. The biggest promotion is at McDonald’s: This week it launched …

Fast food fans outraged after another popular chain announces price hike
4 weeks, 2 days 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, …

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

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts
3 months, 3 weeks ago

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

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. The current trend marks a reversal from previous years …

Restaurateurs say changes in dining habits may spell doom for economy
5 months ago

Restaurateurs say changes in dining habits may spell doom for economy

Daily Mail  

Americans are beginning to tighten their purse strings and dine out less, raising alarm bells with restaurant owners that the U.S. economy may be teetering on the brink. Research firm Circana found the number of people visiting restaurants was down 2.6 percent for the first half of the year, the Boston Globe reported, a trend brought on by years of …

Is the world giving up on fast food? Or is it just becoming unaffordable? – Firstpost
5 months, 2 weeks 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
6 months 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, 4 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
7 months 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, 2 weeks 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 …

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras
7 months, 2 weeks 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 …

Fast food deals were off the table. Now they’re roaring back
7 months, 2 weeks 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 …

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food
8 months 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, 2 weeks 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, 1 week 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 …

Wendy's plots new 'Uber surge-style' menu where prices jump up and down in line with demand - so when will be the cheapest (and costliest) time to eat?
10 months, 3 weeks ago

Wendy's plots new 'Uber surge-style' menu where prices jump up and down in line with demand - so when will be the cheapest (and costliest) time to eat?

Daily Mail  

Wendy's is planning to charge different prices depending on the time of day - which means a burger could cost more at lunchtime than mid-afternoon. Wendy's new system will begin testing in 2025 and rely on 'digital menu boards', in which it will invest $20 million, according to its CEO Kirk Tanner. Under the new system that might vary throughout …

Consumers are increasingly pushing back against price increases — and winning
10 months, 3 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 …

How inflation has hit your shopping basket
11 months ago

How inflation has hit your shopping basket

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. A slowing of inflation among many everyday food and drink items, including cheese and …

Food prices fall for first time since 2021 as inflation remains unchanged
11 months ago

Food prices fall for first time since 2021 as inflation remains unchanged

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 Inflation unexpectedly held steady last …

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
11 months 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 …

Retail inflation surges to 7.44% in July
1 year, 5 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

Supermarkets say they are doing everything they can amid ‘profiteering’ quiz
1 year, 6 months ago

Supermarkets say they are doing everything they can amid ‘profiteering’ quiz

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. But Mr Jones pressed: “How can it be possible that you are making hundreds …

Food inflation eases for second consecutive month
1 year, 6 months ago

Food inflation eases for second consecutive month

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. Food inflation decelerated for a second consecutive month to 14.6% in June, a relatively …

Inflation falls to lowest level in over a year - but food prices remain high
1 year, 7 months ago

Inflation falls to lowest level in over a year - but food prices remain high

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 Inflation has fallen back to its lowest level in over …

UK inflation: Why are food prices rising so much?
1 year, 8 months ago

UK inflation: Why are food prices rising so much?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But food prices increased to 15.7 per cent, the highest …

How food and drink items have risen in price in the past year
1 year, 8 months ago

How food and drink items have risen in price in the past year

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 Here is a list showing …

Food inflation hits a record high – and retailers say price rises ‘have yet to peak’
1 year, 9 months ago

Food inflation hits a record high – and retailers say price rises ‘have yet to peak’

The Independent  

Shop price inflation reached a record high this month, figures show – and there’s more misery for households in store as experts warn soaring food costs have yet to peak. The increasing cost of sugar coupled with high manufacturing costs contributed to price rises for chocolate, sweets and fizzy drinks, while fruit and vegetable prices also rose as poor harvests …

Rising food costs cause people to skip meals, avoid dairy, alcohol, meat to cope financially
1 year, 9 months ago

Rising food costs cause people to skip meals, avoid dairy, alcohol, meat to cope financially

ABC  

Skipping meals, choosing cheaper cuts of meat, and leaving overpriced vegetables out of the shopping basket are some of the cost-saving decisions families are making as food prices soar and mortgage repayments rise. Key points: 70 per cent of Australians are buying different food due to rising prices Welfare recipients say they are skipping meals and relying on donated produce …

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 …

The cost of food is down, but grocery bills are still up. Here’s why
1 year, 10 months ago

The cost of food is down, but grocery bills are still up. Here’s why

CNN  

New York CNN — Why aren’t prices falling at the grocery store? “When costs change, especially when costs change in a very publicized way,” it’s not unusual for companies to use the moment to raise prices, said Jean-Pierre Dubé, a marketing professor at the University of Chicago Booth School of Business. A few years ago, food makers “started increasing their …

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, 11 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, 11 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, 11 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 …

How everyday food items have risen in price in the past 12 months
1 year, 11 months ago

How everyday food items have risen in price in the past 12 months

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 Families faced yet another steep …

How everyday food items have risen in price in the past year
2 years, 1 month ago

How everyday food items have risen in price in the past year

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 Food and drink inflation surged to the highest in 45 …

Inflation may be easing, but grocery prices are still way up
2 years, 1 month 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 …

One third of inflation-ravaged U.S. households are skipping meals
2 years, 3 months ago

One third of inflation-ravaged U.S. households are skipping meals

Daily Mail  

One third of households are skipping meals or reducing the size of portions and nearly two thirds would struggle to raise $400 quickly, according to a study on months of runaway inflation hurting everyday Americans. Consumer data firm Dunnhumby says shoppers increasingly feel the pain of rising grocery store prices, which many respondents said was far higher than the official …

Food inflation hits record level as prices rise 10.6% in a year
2 years, 3 months ago

Food inflation hits record level as prices rise 10.6% in a year

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Food inflation has …

US wholesale inflation declines in August to still-high 8.7%
2 years, 4 months ago

US wholesale inflation declines in August to still-high 8.7%

Associated Press  

WASHINGTON — Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come. Wednesday’s report from the Labor Department also showed that on a month-to-month basis, the producer price index — which measures inflation before it reaches consumers …

Why we need less food in our inflation basket
2 years, 4 months ago

Why we need less food in our inflation basket

Live Mint  

After declining for three consecutive months, retail inflation rose in August to 7% from 6.71% in July. While the rise in headline inflation is small, inflation in food and beverage was a much higher 7.57%. In contrast, core inflation inched up only 6 basis points to 6.01%, which may not offer much relief, as the Reserve Bank of India’s rate-setting …

Inflation divide: The wealthy splurge, the poorest pull back
2 years, 7 months ago

Inflation divide: The wealthy splurge, the poorest pull back

LA Times  

Customers at Walmart are switching to cheaper lunch meats and buying half gallons of milk instead of full gallons. “We are now in a new chapter where high inflation is greatly limiting the ability of consumers to make discretionary purchases, especially of high ticket items,” Big Lots Chief Executive Bruce K. Thorn told analysts late last month. Marshal Cohen, chief …

Rising cost of food will push more families to food banks, say charities
2 years, 7 months ago

Rising cost of food will push more families to food banks, say charities

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. This is a cost of living tsunami caused by years …

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 …

A key inflation measure rose to a 39-year high last month
3 years, 1 month ago

A key inflation measure rose to a 39-year high last month

CNN  

New York CNN Business — America’s high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982. President Joe Biden acknowledged prices were rising but added “developments in the weeks after these data were collected last month show that price and cost increase are slowing, although …

US consumer prices surge in June by the most since 2008
3 years, 6 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 …

Inflation rockets to a 13-year high
3 years, 6 months ago

Inflation rockets to a 13-year high

CNN  

New York CNN Business — Prices keep rising in the United States, putting a squeeze on American consumers’ wallets. Over the last 12 months, prices were up 5.4%, the biggest jump in annual inflation in nearly 13 years. Used car prices were up 10.5% in June — the largest one-month jump in records that go back nearly 70 years, and …

Food prices may ease next year as lockdowns are lifted
3 years, 6 months ago

Food prices may ease next year as lockdowns are lifted

Live Mint  

Consumers may get some respite from surging food prices in the coming years as demand growth slows and output rises, according to the Organisation for Economic Cooperation and Development and United Nations. But in the next couple of years, inflation-adjusted prices may ease before staying largely flat through 2030 as demand growth for grains and fish slows and farming supplies …

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