McDonalds Prices Doubled Since 2014

According to the newly released data, leading fast food restaurants increased prices by about 60% between 2014 and 2024. That is nearly double the rate of inflation. 

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According to the consumer price index, the general cost of goods and services has gone up 31% in the past decade. 

The data shows that prices have doubled at McDonald's over that time. FinanceBuzz noted that the average price of a McDouble increased from $1.19 in 2014 to $3.19 currently. A medium fry has gone up from $1.59 to $3.79. 

(via Lucianne)

Ed Morrissey

It's not just McDonald's either, although their prices have increased the most on a percentage basis. All of the major chains have had price increases that outstripped CPI over the last ten years, which is running at 31% -- itself a shocking number largely driven since 2021. 

Why would fast-food prices go up this fast? Labor shortages account for some of it, but minimum-wage hikes hit this industry hardest and require the fastest price responses to balance out the costs to the operators. 

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