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+--- Thread: Fast-food prices way up the past decade. Low-income consumers are starting to crack. (/Thread-Fast-food-prices-way-up-the-past-decade-Low-income-consumers-are-starting-to-crack)
Fast-food prices way up the past decade. Low-income consumers are starting to crack. - LevelUP - 05-02-2024
Change in average menu prices for ten popular items over the past decade, per FinanceBuzz:
1. McDonald’s: +100%
2. Popeyes: +86%
3. Taco Bell: +81%
4. Chipotle: +75%
5. Jimmy John’s: +62%
6. Arby’s, Wendy’s, Burger King, Chick-fil-A: +55%
7. Panera Bread: +54%
8. Starbucks, Subway: +39%
A little over a decade ago, Subway had their $5 footlong deal. You could get McD's hash brows for 2 for $1.
Today, a 5lb bag of potatoes is $3. You can buy 10 frozen hash brown patties for $3.50.
A McD's Quarter-Pound w/cheese meal costs $12. I could make this myself in 5 minutes with Rally's fries for $3.
Fast-food prices surged faster than inflation the past decade.
https://www.newsnationnow.com/business/your-money/fast-food-prices-inflation/
McDonald’s and other big brands warn that low-income consumers are starting to crack
https://www.cnbc.com/2024/04/30/companies-from-mcdonalds-to-3m-warn-inflation-is-squeezing-consumers.html
$3 for a single McDonald's hash brown? Some customers are fed up and pushing back
https://www.ksl.com/article/50868966/3-for-a-single-mcdonalds-hash-brown-some-customers-are-fed-up-and-pushing-back
RE: Fast-food prices way up the past decade. Low-income consumers are starting to crack. - housecat - 05-09-2024
(05-02-2024, 06:07 AM)LevelUP Wrote: Change in average menu prices for ten popular items over the past decade, per FinanceBuzz:
1. McDonald’s: +100%
2. Popeyes: +86%
3. Taco Bell: +81%
4. Chipotle: +75%
5. Jimmy John’s: +62%
6. Arby’s, Wendy’s, Burger King, Chick-fil-A: +55%
7. Panera Bread: +54%
8. Starbucks, Subway: +39%
A little over a decade ago, Subway had their $5 footlong deal. You could get McD's hash brows for 2 for $1.
Today, a 5lb bag of potatoes is $3. You can buy 10 frozen hash brown patties for $3.50.
A McD's Quarter-Pound w/cheese meal costs $12. I could make this myself in 5 minutes with Rally's fries for $3.
Fast-food prices surged faster than inflation the past decade.
https://www.newsnationnow.com/business/your-money/fast-food-prices-inflation/
McDonald’s and other big brands warn that low-income consumers are starting to crack
https://www.cnbc.com/2024/04/30/companies-from-mcdonalds-to-3m-warn-inflation-is-squeezing-consumers.html
$3 for a single McDonald's hash brown? Some customers are fed up and pushing back
https://www.ksl.com/article/50868966/3-for-a-single-mcdonalds-hash-brown-some-customers-are-fed-up-and-pushing-back
Having seen along the supply chain, I can absolutely rubber-stamp that it's profit margins along the supply chain, not just at the grocer. During the pandemic, you should have seen the prices for shipping. Out of this world shipping fees. Even now it's gone to "new normal" pricing.
Also in countries such as Canada, the tax is the real hidden creature, taxing everyone and everything at each step of the supply chain. Freight forwarders and clearance houses got dinged with that too. Customs agents. Warehousing. Supply chain risk management costs really went crazy too. Integration along the supply chains with big companies especially became a lot more prevalent, which dug into margins a bit too. A lot of times, depending on the food product, there are middle-men who do repackaging, relabelling, import/exporting, and so forth, and to the idle observer people ask why do we even need those people? It's the only way to protect the manufacturer from various risks, so they use middle-men, or want to align with culture/language/currency requirements. The only sometimes to enter and remain in a market is the use of middle-men. Oh yeah and the cost of fuel kills the consumer at every step along the way.
So yeah, in Canada, we are one of the higher tax and inflation countries and food here is always more expensive than are cousins to the south and has always been this way. Too many hands in the cookie jar.
Also I want to throw in that a lot of these high sugar merchants are going to get their due when they price themselves out of their own market. The cracks have been showing for awhile and it's coming more and more now.
RE: Fast-food prices way up the past decade. Low-income consumers are starting to crack. - LevelUP - 05-10-2024
‘These fast food prices tweakin’: Carl’s Jr. called out by customer over ‘2 for $12.99’ burger deal
https://www.dailydot.com/news/carls-jr-2-for-13-dollars-deal/
![[Image: carls-jr-2-for-12-deal.jpg?q=65&auto=for...1&fit=crop]](https://uploads.dailydot.com/2024/05/carls-jr-2-for-12-deal.jpg?q=65&auto=format&w=1200&ar=2:1&fit=crop)
RE: Fast-food prices way up the past decade. Low-income consumers are starting to crack. - LevelUP - 05-20-2024
McDonald's has responded to criticism of higher prices with a new $5 meal which will be offered starting June 25th
https://www.cnbc.com/2024/05/15/mcdonalds-5-value-meal-starts-june-25-last-about-a-month.html
Not exactly fast food but Red Lobster files for Chapter 11 bankruptcy protection
https://www.cnbc.com/2024/05/20/red-lobster-bankruptcy.html
RE: Fast-food prices way up the past decade. Low-income consumers are starting to crack. - bjcheung77 - 05-20-2024
Just went out for an early dinner with wife and kids, trying out some new Taiwanese dishes we've not tried before, food was great... $70 all in with tips (10%) for the 4 of us... Everything is more expensive now! People go out to chill/relax and spend time with the family, otherwise, fast food at a shopping mall with a huge food court, without the service and tips would have been just as fun and good for my wallet.
RE: Fast-food prices way up the past decade. Low-income consumers are starting to crack. - ItsNeverTheLionsYear - 05-20-2024
Personally, the one place I haven't really seen prices go up: Mexican restaurants. I've still been able to go out, pay $30ish (including tip) for dinner for 2, and bring home enough leftovers for lunch the next day. Can't do that anywhere else anymore.
RE: Fast-food prices way up the past decade. Low-income consumers are starting to crack. - LevelUP - 05-23-2024
Wendy’s launches $3 English muffin breakfast combo amid soaring prices in fast food
https://abcnews.go.com/GMA/Food/wendys-launches-3-english-muffin-breakfast-combo-amid/story?id=110416536
Rumor is that some restaurants might start offering soda drinks for 10 cents
https://www.tiktok.com/@lisavslisa/video/7306007575890267423