Food away from home has risen at least 0.3 percent for 34 out of the last 36 months CPI data from the BLS, California Fast Food Prices Gordon Haskett Sticker Shock in California
Higher state minimum wage went into effect April 1; chains say burritos and burgers are getting more expensive in response.
The Wall Street Journal reports California Fast-Food Chains Are Now Serving Sticker Shock Since September, when California moved to require large fast-food chains to bump up their minimum hourly pay to $20 in April, fast-food and fast-casual restaurants in California have increased prices by 10% overall, outpacing all other states, the firm found in an analysis of thousands of restaurants across 70 large chains.Prices at Chick-fil-A, Domino’s, McDonald’s (MCD) Burger King (BKC), Pizza Hut (YUM), Jack in the Box (JACK ) and other fast-food chains have increased since September, the firm found. […]
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