McDonald’s is fighting back against media reports it says have exaggerated its price increases.
FILE - The McDonald's restaurant logo and golden arch is lit up, April 20, 2006, in Chicago. McDonalds plans to introduce a $5 meal deal in the U.S. in June 2024 to counter slowing sales and customers frustration with high prices. McDonald’s is fighting back against viral tweets and media reports that it says have exaggerated itsIn a post on the company’s website Wednesday, McDonald’s U.S.
The average U.S. price of a Big Mac meal, which includes a sandwich, fries and a drink, currently is $9.29. McDonald’s said the average price of all menu items has risen 40% over the last five years, to account for a 40% average increase in the cost of labor, paper and food. That is higher than overall consumer prices, which have increased 21% since December 2019, according to government figures.
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