McDonald's has doubled its prices since 2014, data shows
Newsy
Other leading fast food restaurants increased prices by about 60% between 2014 and 2024, according to analysis from FinanceBuzz.
Prices at fast food restaurants increased at a rate that far exceeds inflation over the last decade, according to a new analysis from FinanceBuzz.
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.
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.
Earlier this year, McDonald's said that it planned to reemphasize affordability in an effort to bring back low-income customers.
