McDonald's president responds to reports of $18 Big Mac meals

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McDonald's president responds to reports of $18 Big Mac meals
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Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.

You probably have heard the story by now: Someone paid $18 for a Big Mac combo meal at a McDonald's amid high inflation.

In a letter to customers on Wednesday, McDonald's USA president Joe Erlinger said the company and its franchisees"must remain laser-focused on value and affordability." FinanceBuzz noted that the average price of a Big Mac went up from $3.99 to $5.99, a McDouble increased from $1.19 in 2014 to $3.19 and a medium fry has gone up from $1.59 to $3.79 in the last decade.

Earlier this year, McDonald's said that it planned to reemphasize affordability in an effort to bring back low-income customers.

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