- Fast-food prices are rising across the industry.
Dunkin ',McDonald's , and Taco Bell have had the biggest increases, according to analysts.Shipping issues, labor shortages, and weather events all contribute to rising prices.
Prices at fast-food chains will continue to rise as ingredients and labor grow more expensive.
The $4 than it did before, and a spokesperson told Insider that the price hike would compensate for the recent wage increases for workers. In April, the fast-casual chain said it would $4, an increase of $2 over the $13-an-hour average pay.
Nearly every fast-food and fast-casual chain will likely follow, analysts at Gordon Haskett said in a report released Thursday.
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Analysts looked at 24 restaurant chains over the span of a year and found 17 of them increased prices, and price increases, on the whole, are growing in both size and frequency. Quick-service restaurants have made the largest increases, averaging 6% compared with 3% at fast-casual chains and 1% at casual chains. Most of these increases were implemented in March.
According to the Gordon Haskett analysis, the greatest price increases have been 10% at Taco Bell, 8% at McDonald's, and 8% at Dunkin', followed by Chipotle and The Cheesecake Factory. Exact prices vary by market. Applebee's, Papa John's, Red Robin, and a few others have not adopted any price increases over the past year.
Labor costs are partially the cause of these rising prices. A $4 is making transportation more expensive, while $4. Processing plants and farms are facing the same problems. For example, $4, so they're struggling to process birds quickly.
Labor costs might have increased for restaurants over the past year but so did the price of ingredients. US consumer $4 in May, increasing 5% over the previous year. Staple Chipotle items, like $4, grew more expensive this year as demand rose and shipping delays drove prices up.
Experts say $4 as consumers increase spending and supply-chain struggles. Shipping delays and severe weather events have made crucial commodities more expensive and difficult to obtain.
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