American consumers love their fast food but price hikes are preventing them from enjoying a burger or burrito as often as in years past.
Traffic to big fast food chains has dropped 3.5 percent in the first three months of 2024, compared to 2023. McDonald’s, Wendy’s, Popeyes, Pizza Hut, and Chipotle have likely sold millions fewer burgers, pizzas and burritos.
Fast food consumers are complaining on social media about the high prices, as one recent story about a $17.59 Big Mac meal at a McDonald’s in Connecticut proved.
Figures from the US Labor Department show fast-food prices are 33 percent more expensive than they were in 2019. By comparison, grocery costs are up just 26 percent while the overall Consumer Price Index (CPI) rose 19 percent in that time.
Are the price hikes caused by ‘greedflation’? Fast food chains are accused of hiking prices more than necessary by blaming…
