Current:Home > ScamsMcDonald's president hits back at claims Big Mac prices are too high amid inflation -消息
McDonald's president hits back at claims Big Mac prices are too high amid inflation
SafeX Pro Exchange View
Date:2025-04-10 14:12:41
The president of McDonald's wants you to know that $18 Big Macs are the "exception" and not the rule, according to an open letter released Wednesday.
Joe Erlinger, president of McDonald’s USA, addressed the letter to "our U.S. fans," saying he wrote the message to "make sure the real facts are available" to McDonald's millions of yearly customers.
"Recently, we have seen viral social posts and poorly sourced reports that McDonald’s has raised prices significantly beyond inflationary rates," Erlinger wrote. "This is inaccurate."
McDonald's executives have previously touted a "laser-focus" on value and affordability after complaints about overpriced food and decreased foot traffic led several fast food chains to scale back prices.
Not-so-happy meal:As fast food prices surge, many Americans say it's become a luxury
Protect your assets: Best high-yield savings accounts of 2023
"I can tell you that it frustrates and worries me, and many of our franchisees, when I hear about an $18 Big Mac meal being sold – even if it was at one location in the U.S. out of more than 13,700," Erlinger wrote.
"More worrying, though, is when people believe that this is the rule and not the exception, or when folks start to suggest that the prices of a Big Mac have risen 100% since 2019."
Franchisees own and operate more than 95% of all U.S. restaurants, said Erlinger, meaning menu prices are ultimately up to franchise owners who may raise prices to account for increased business and "inflationary pressures."
McDonald's exec refutes 100% price hike rumors
Regardless of the conditions of inflation, however, Erlinger categorically denies rumors that prices have increased by 100% or at a rate double or triple general inflation in the last five years.
The letter lists the average price of a Big Mac as $5.29, a 21% increase from $4.39 in 2019.
A myths and facts chart presented at the bottom of the letter addresses other specific claims, including the pricing of specific menu items (the cost of a 10-piece nugget meal has increased 28%, not 95.5%, since 2019), and more general assertions (the average McDonald's item has seen a price increase of 40% over the past five years, not double the national inflation rate.)
Fast food prices are up 4.8% since last year and 47% since 2014, while general inflation has risen 24%, according to the Bureau of Labor Statistics.
A recent report by USA Today used survey information compiled by a team of reporters in 18 markets across the country to compare prices over the past 10 years. The survey found that an average medium Big Mac meal has risen in price from $5.69 in 2014 to $9.72 in 2024, an increase of about 70%. The price of a medium Big Mac meal ranged in price from $7.89 in Houston to $15 in Seattle.
$15 Big Macs:As inflation drives up fast food prices, map shows how they differ nationwide
The executive closed the letter by plugging upcoming savings promotions and the McDonald's app, saying, "more than 90% of U.S. franchisees are offering meal bundles for $4 or less."
"I hope you’ll see the programs we’re launching nationally and locally as meaningful to you," he said.
Fast food chains focus on affordability
McDonald's, like other fast food chains, has faced criticism for soaring prices in recent years, resulting in less revenue from lower-income consumers and reduced foot traffic in stores.
McDonald's has since promised a reduction in prices and expressed interest in exploring more ways to win customers back, which could include $5 meal deals and freebies.
Burger King rushed to beat McDonald's to the punch, announcing its own $5 meal deal set to arrive in June.
This came around as Wendy's announced a $3 breakfast combo, which includes an English muffin sandwich with egg, cheese, and bacon or sausage, and a side of seasoned potatoes. This is on top of weekly free chicken nugget deals through the Wendy's app and limited promotions, like a one-cent Jr. Bacon Cheeseburger from May 28 through June 2 for National Hamburger Day.
Contributing: Paul Davidson and Daniel de Visé.
veryGood! (4)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Former Arizona senator reports being molested while running in Iowa
- Class-action lawsuit alleges unsafe conditions at migrant detention facility in New Mexico
- Oakland A’s fans are sending MLB owners ‘Stay In Oakland’ boxes as Las Vegas vote nears
- The Grammy nominee you need to hear: Esperanza Spalding
- What Biden's executive order on AI does and means
- Are the Oakland Athletics moving to Las Vegas? What to know before MLB owners vote
- Crew aboard a U.S.-bound plane discovered a missing window pane at 13,000 feet
- Trump invites nearly all federal workers to quit now, get paid through September
- Israel-Hamas war leaves thousands of Palestinians in Gaza facing death by starvation, aid group warns
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Formatting citations? Here's how to create a hanging indent, normal indent on Google Docs
- Democratic West Virginia Sen. Joe Manchin is retiring, giving GOP a key pickup opportunity in 2024
- Election workers report receiving suspicious packages, some containing fentanyl, while processing ballots
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Texas judge rules against GOP lawsuit seeking to toss 2022 election result in Houston area
- Andre Iguodala takes over as acting executive director of NBA players’ union
- Walmart to host Veterans Day concert 'Heroes & Headliners' for first time: How to watch
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
How Travis Barker Is Already Bonding With His and Kourtney Kardashian's Baby Boy
Climate change isn't a top motivator in elections. But it could impact key races
These are the best days of the year to shop for holiday deals on electronics
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Police investigate vandalism at US Rep. Monica De La Cruz’s Texas office over Israel-Hamas war
Federal judge puts Idaho’s ‘abortion trafficking’ law on hold during lawsuit
'The Marvels' is a light comedy about light powers