We haven't seen such a steep price increase in 40 years!
"In recent years, most fast-food restaurants had, maybe, raised prices in the low single digits each year," he said."What we've seen over the last six-plus months are restaurants being aggressive in pushing through prices."
According to the National Restaurant Association, the cost of food was up 15% in February, and hourly wages for restaurant employees grew by 12.1% over the same 12-month period. Increases in overall consumer prices, meanwhile, were"largely driven by a 48.0% surge in gas prices."report points out, price hikes do not seem to have slowed sales at leading fast-food chains.
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