The CEO denies: the price of a Big Mac has not even doubled since 2019
Joe Erlinger, president of McDonald’s America, denied reports that the price of the Big Mac had doubled since 2019. According to a statement provided by Apnews, the price increase was actually only 20.5%, and Erlinger highlighted the company’s commitment to transparency and fair pricing.
Illustrating the scale of the increase, a Big Mac costs $4.39 in 2019 and currently costs $5.29. Franchise owners set prices, but McDonald’s tries to minimize price increases, the company said. A full Big Mac meal, which includes a sandwich, fries, and a drink, currently costs $9.29 in the U.S., which is a higher-than-average price, but some cases, like the $18 Big Mac, are considered exceptional.
The price increase affects not only the Big Mac, but also other products, such as French fries, the price of which has increased by 44% since 2019. Recent challenges include mixed quarterly results, a boycott in the Middle East and restrictions on consumer restaurant spending, which are putting further pressure on the hospitality industry globally.
Related news
Euro zone inflation slowed down in June
In line with analysts’ expectations, annual inflation slowed in the…
Read more >
German inflation slowed in June, but food prices are still rising
Inflation in Germany slowed down in June, according to the…
Read more >
The owner of the first Hungarian McDonald’s would turn this business into an international franchise
A community garden model started as a family business will…
Read more >Related news
Consumers benefit from the change in warranty rules
By amending the mandatory warranty rules, consumers will be given…
Read more >
UPS’s healthcare business invests more than €20 million to expand its European temperature-controlled fleet in its four markets
UPS Healthcare is investing €20 million to purchase more than…
Read more >
Albertsons enters e-commerce partnership with Grubhub
The restaurant delivery company is providing delivery service in as…
Read more >
