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Taco Bell, McDonald's, and Dunkin' and are raising prices. Here's how much more you're paying for coffee and food

Mary Meisenzahl   

Taco Bell, McDonald's, and Dunkin' and are raising prices. Here's how much more you're paying for coffee and food
  • 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.

Chipotle $4 in June, a move the company said was prompted by increased wages for workers.

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.

Read more: $4

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.

Do you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com.

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