The Big Mac is not the only price spike you can find in the McDonald’s burger family. From 1968 to January 2015, the price of a Big Mac jumped from around $0.49 to $4.79, according to Desert News and The Economist. Perhaps one of McDonald’s most iconic menu items, the Big Mac has experienced a drastic price change over the years. From Wendy’s to Starbucks - and cheeseburgers to coffee - take a look at how much classic burgers, fries, drinks and other items have increased in price throughout the years. So although the cost of fast food has increased since you, your parents or your grandparents were kids, you should enjoy the current, relatively low prices while you can. The price increase doesn’t stop there, though if sales decrease by 14 percent, the average fast food joint would likely have to raise its prices by a whopping 38 percent. What does this mean for menu prices? Prices would have to increase by approximately 15 percent as well. There is a myriad of factors that impact the prices of your favorite fast food items, including employees’ wages.Īccording to a 2014 report from The Heritage Foundation, if fast food restaurants were to raise the minimum wage for workers to $15 an hour, the restaurants’ total costs would increase by about 15 percent. If you were around in the 1950s and ’60s, for example, you could probably feed your family of four for less than $2 at McDonald’s or Burger King!įast food brands like these are subject to price increases over time, but it can be difficult to predict how much prices will rise by looking at inflation. While food prices should be expected to rise over time with the natural progression of inflation, you might be surprised by how cheap some of your favorite fast food items were in the past.
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