McDonald’s, Chick-fil-A and other fast food chains are raising prices after state raises minimum wage
Fast food chains have on average upped their menu prices at around 10 per cent in California following the state’s new minimum wage law
Fast-food prices surged faster than inflation the past decade
Since 2014, fast-food restaurants have raised menu prices by 60%, nearly double the rate of inflation over the same period, according to a recent FinanceBuzz analysis of twelve different chains.
How has California's new fast food minimum wage affected menu prices?
The first numbers are in to show the impact of California's increase in fast-food worker salaries on consumer prices.
How California fast food restaurants raised menu prices in response to $20 minimum wage
Wendy’s raised menu prices by around 8% while Chipotle Mexican Grill hiked its prices by approximately 7.5%, according to Kalinowski Equity Research.
As summer approaches, so does California law that will drive restaurant menu prices higher
California restaurant owners say they will be forced to raise menu prices even higher after a new law that bans fees and surcharges goes into effect in July.
California fast food restaurants raising prices
According to recent data from market research firm Datassential, fast-food and fast-casual restaurants in the Golden State have raised menu prices by 10% overall, based on an analysis of 70 large restaurant chains and thousands of individual restaurants.
California fast-food prices rose 7% in run-up to $20 minimum wage — highest in US
California registered the highest rate of menu price inflation in the country in the period leading up to April 1.
Chili’s and Applebee’s woo inflation-weary diners as fast food prices continue to climb
It’s a soar point. Fast food lovers have been watching helplessly as the price of a burger and fries climbs ever higher — ...
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy.
Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and ...
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Fast-food restaurant sales slump as more people eat at home
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Police move on UCLA encampment and consumers balk at fast-food prices: Morning Rundown
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Fast food operators rushing to use AI in the wake of minimum wage hikes
In the wake of the new $20 minimum wage for industry workers, quick-service restaurants in California are accelerating and ...
Prices at California Chipotle, McDonald's and other fast-food chains are rising following minimum wage hike
Prices at Chipotle, McDonald's and other fast-food giants in California are rising after a minimum wage hike went into effect ...
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Fast-food operators look to AI, other tech as labor costs rise
To deal with the extraordinary increase in labor costs — which average about one-third of a fast-food store's sales — ...