Fast food has long been an affordable dining option, but over the past decade, Americans have seen menu prices skyrocket faster than inflation.
Since 2014, fast-food restaurants have raised menu prices by 60%, nearly double the rate of inflation over the same period, according to a recent FinanceBuzz analysis of twelve different chains.
According to the study, prices at McDonald’s have gone up the most, surging 100% over the past ten years. These days, a Quarter Pounder with Cheese meal will set you back $11.99 on average, up from $5.39 in 2014, per the report.
Other chains, including Popeyes (+86%), Taco Bell (+81%), Chipotle (+75%) and Jimmy John’s (+62%), have also hiked prices much faster than inflation over the past decade, FinanceBuzz determined. Meanwhile, Starbucks and Subway (+39%) have raised prices almost in line with inflation.Part of the recent increase can be attributed to higher labor costs, which […]
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