This Fast-Food Chain is Raising Prices Faster Than All the Rest

This Fast-Food Chain is Raising Prices Faster Than All the Rest

In the not-too-distant past, you could walk into any fast-food restaurant and get an entire meal for less than $5, easily. However, due to inflation and other factors, going through the drive-thru has gotten significantly more expensive to the extent that a recent poll by consulting firm Revenue Management Solutions found that 25% of people who make under $50,000 are cutting back on it. However, prices aren’t rising as rapidly at some fast-food joints as others. According to The Street and SpinGenie, one of the most popular fast-food chains in the world is also raising prices the most: McDonalds.

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The Street compared pre-inflation prices in 2019 to March 2024 on menus from a handful of fast-food restaurants. They also considered the inflation rate, around 21.5%, during the same period.

They looked at the prices of five menu items and found that, on average, prices went up 141.4% during the period, ranging from a 68.8% price hike on a 10-piece McNuggets to a whopping 215% increase on a Cheeseburger, that went from $1 to $3.15 – the highest price hike of any fast food items acoss all brands.

Menu item End-of-2019 price Mid-2024 price Percentage increase
Medium French Fries $1.79 $4.19 134.1%
McChicken $1.29 $3.89 201.6%
Big Mac $3.99 $7.49 87.7%
10 McNuggets $4.49 $7.58 68.8%
Cheeseburger $1.00 $3.15 215%

In comparison, the five items selected at Taco Bell went up 57.4%, Chick-fil-A, 80.1%, In-N-Out, 55%, Burger King, 85.7%, and Jack in the Box, 45%.

“Prices of the items we looked at at the six restaurants listed above went up an average of 77.4% between late December 2019 and mid 2024,” concludes the publication.

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