Current:Home > StocksMcDonald's president hits back at claims Big Mac prices are too high amid inflation -Wealth Momentum Network
McDonald's president hits back at claims Big Mac prices are too high amid inflation
View
Date:2025-04-19 04:09:34
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! (3)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Traveler stopped at Dulles airport with 77 dry seahorses, 5 dead snakes
- Dollar Tree agrees to OSHA terms to improve worker safety at 10,000 locations
- Aaron Rodgers' new Davante Adams, 'fat' Quinnen Williams and other 'Hard Knocks' lessons
- Intellectuals vs. The Internet
- Driver of minivan facing charge in Ohio school bus crash that killed 1 student, hurt 23
- Netflix, Disney+, Hulu price hike: With cost of streaming services going up, how to save.
- Cozy up in Tokyo's 'Midnight Diner' for the TV version of comfort food
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Wisconsin Democrats want to ban sham lawsuits as GOP senator continues fight against local news site
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Vermont prosecutor facing impeachment investigation for harassment allegations says he will resign
- American Airlines is suing Skiplagged, which helps customers book cheaper flights using a loophole
- Robocalls are out, robotexts are in. What to know about the growing phone scam
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- NBA’s Jimmy Butler and singer Sebastián Yatra play tennis at a US Open charity event for Ukraine
- 8 dead after Moscow sewers flood during tour that may have been illegal
- Racing to save a New Jersey house where a Revolutionary War patriot was murdered
Recommendation
The Super Bowl could end in a 'three
Nantucket billionaire sues clam shack 18 inches from residence
Notre Dame vs. Navy in Ireland: Game time, how to watch, series history and what to know
RHOA's Shereé Whitfield Speaks Out About Ex Bob Whitfield's Secret Daughter
2 killed, 3 injured in shooting at makeshift club in Houston
Yankees match longest losing streak since 1982 with ninth straight setback
Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?
Lawsuit settled over widespread abuse of former students at shuttered West Virginia boarding school