McDonald’s menu prices have increased by over 100% during the last decade: study

McDonald’s has jacked up its menu costs by greater than 100% over the course of the final decade — greater than 3 times the speed of US inflation, in response to a analysis report.

The Chicago-based burger large has been slammed with buyer complaints over eye-popping costs, together with $18 for a Big Mac meal in Connecticut in addition to $7.29 for an Egg McMuffin and $5.69 for a facet of hash browns.

Now, a Quarter Pounder with Cheese meal goes for $11.99 — greater than double the $5.39 it value in 2014, according to a study by FinanceBuzz, which cited common costs nationwide.

The McDouble sandwich, which in 2014 value on common $1.19, now prices nearly 3 times that quantity — $3.19 — whereas a medium fries has seen its value level go from $1.59 to $3.79.

McDonald’s has raised the costs of its menu objects by greater than 100% on common since 2014, in response to a examine. Getty Pictures

The long-lasting Large Mac, a staple of McDonald’s menus, has seen its common value rise by 50% within the final 10 years — from $3.99 in 2014 to $5.99 as we speak.

The evaluation by FinanceBuzz discovered that McDonald’s was certainly one of 13 eating places which have raised menu costs within the final decade by 60% on common between 2014 and 2024 — or almost double the cumulative nationwide price of inflation of 31% over that interval.

Whereas McDonald’s was the worst offender — tripling the speed of inflation, in response to FinanceBuzz — Popeyes, Taco Bell, Chipotle and Jimmy John’s raised the costs of their menu objects at greater than double the precise inflation price, the examine discovered.

McDonald’s clients have reported seeing Large Mac meals promote for $18 apiece in Connecticut. NurPhoto by way of Getty Pictures

Subway and Starbucks, in the meantime, have saved their costs comparatively according to inflation, raised the price of their menu objects by 39% on common, in response to FinanceBuzz.

At McDonald’s, a 10-piece McNugget meal, the $10.99 combo which incorporates french fries and a drink, is now 83% costlier than it was a decade in the past, when it value simply $5.99.

An Oreo McFlurry now prices nearly twice what it did 10 years in the past. The candy deal with would have set you again $2.39 in 2014 — in comparison with $4.49 as we speak.

The Publish has sought remark from McDonald’s and the opposite eating places.

FinanceBuzz mentioned it used information on restaurant costs sourced from web pages corresponding to, and MenuWith It additionally collected costs for 10 menu objects from every restaurant in 2014, 2019, and this yr. FinanceBuzz mentioned it then cross-referenced with every restaurant’s official web site.

McNugget meals at McDonald’s are promoting for between 67% and 83% greater than they have been a decade in the past, in response to a examine. Elena Medoks –

Inflation charges are primarily based on the Bureau of Labor Statistics’ CPI Inflation Calculator and have been collected in January 2024.

FinanceBuzz acknowledged that it’s “tough to precisely supply historic information to check to the current” since “McDonald’s franchisees are given a excessive stage of autonomy in setting menu costs for particular person areas.”

“As such, our crew collected extra historic information factors associated to McDonald’s and utilized sure changes to the ultimate information to create an inexpensive illustration of nationwide pricing developments over time for the chain,” in response to FinanceBuzz.

A ten-piece McNugget meal that value $5.99 in 2014 now goes for nearly double — $10.99. image alliance by way of Getty Pictures

McDonald’s has admitted in current weeks that its menu is more and more out of attain for these Individuals who’re struggling below the burden of hovering ranges of inflation.

An order of medium fries from McDonald’s — which as soon as value $1.59 a decade in the past — will now set you again $3.79 — a 138% improve. dpa/image alliance by way of Getty Pictures

In February, McDonald’s CEO Chris Kempczinski said inflation would compel the quick meals chain to lift menu costs.

Kempczinski additionally admitted that eating out at McDonald’s was changing into a luxurious that fewer individuals may afford.

Even the Filet-o-Fish sandwich hasn’t been spared the wrath of excessive inflation. In 2014, it value $3.49. Now it’s 57% costlier — going for $5.49.

“Consuming at house has develop into extra reasonably priced,” Kempczinski mentioned. “The battleground is definitely with that low-income shopper.”

In California, Gov. Gavin Newsom signed into legislation a brand new minimal wage measure that raises hourly pay for quick meals employees to $20 an hour — a growth that some McDonald’s franchisees say has forced them to further hike menu items.

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