why does food prices in grocery stores rise but fast food prices stay relatively the same?
In: Economics
Fast food prices have definitely not stayed relatively the same. Depending on the area and item, stuff’s gone up by 15-35% or more over the last few years.
McDonalds burritos for instance, used to be $2.78 before tax for two, and is now around like, $4 something. This has been sometime between now and like oh… 2014 or something. Looking at the annual US inflation rate which has ranged around .5-2.5%, that’s a higher increase rate than inflation on average.
However that’s just really rough napkin math so might not hold up exactly, but prices definitely do increase, often by decent chunks. Combo meal prices just went up around $.40 where I work.
I’m only vaguely aware of this because I like McDonalds burritos and am bitter the price keeps going up so much. XD
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