Since 1997, McDonald’s prices have remained relatively stable. However, starting in 2021, prices at the fast-food restaurant chain are expected to go up by 5%. This increase is in line with the company’s goal of raising prices to offset rising food costs. The hike is expected to affect items such as menu items, coffee, and soft drinks. However, customers who purchase food items with their Happy Meals will not see an increase in price.
Overall, McDonald’s is making the decision to raise prices in order to stay competitive in a market where prices are rising. While some customers may be unhappy about the increase, it is likely that most will be able to handle the increased costs. In the end, McDonald’s is simply following in the footsteps of other restaurant chains that are facing rising food costs. While customers may be unhappy about the increase, it is likely that most will be able to handle the increased costs.
