Why fast-food price increases have surpassed overall inflation
Publishing timestamp: 2024-05-04 08:00:01
Summary
Fast food prices are on the rise, leading some consumers to change their spending habits. Chains like Chick-Fil-A and Taco Bell are seeing prices up nearly 28% from 2019 to 2023. Increased labor costs are also impacting the industry, with some restaurants passing these costs on to customers. Yum Brands and McDonald's have reported mixed or missed earnings as consumers become more cautious with their spending.
Sentiment: NEGATIVE
Tickers: WEN, YUM, CMG, WING, MCD,
Keywords: mcdonald's corp, fast food restaurant operators, business news, yum! brands inc, inflation, wendys co, lifestyle, chipotle mexican grill inc, food and drink, wingstop inc,
Source: https://www.cnbc.com/2024/05/04/why-fast-food-price-increases-have-surpassed-overall-inflation.html