Latest news with #menuprices
Yahoo
3 days ago
- Business
- Yahoo
Menu prices increase for the fifth straight month
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. Federal data released Tuesday morning from the Bureau of Labor Statistics shows that inflation accelerated to 2.7% on an annual basis in June, and is up 0.3% versus May, marking the fastest monthly jump since January. The monthly overall food index increased 0.3%, matching May's increase. Grocery prices rose 0.3%, also matching May's increase, with coffee, beef, and fruits and vegetables ticking up. On an unadjusted 12-month basis, grocery prices are up 2.4%, under-pacing overall inflation, as well as menu prices. Those menu prices rose 0.4% in June, marking an increase for the fifth straight month. On a 12-month basis, menu prices are up 3.8%, driven largely by the full-service category, which was up 0.5% in June. Limited-service meals, meanwhile, were up 0.2%, the slowest rate of increase in three months. The index for full-service meals rose 4% year-over-year, while limited-service meals are up 3.5% over the same period. While menu inflation remains stubbornly high, it remains well below the 8.8% peak from March 2023, according to the National Restaurant Association. Regionally, the West posted the fastest menu price growth in June, with a 4.1% year-over-year increase, followed by the South, with 3.9% growth, according to the association. Menu prices increased 3.5% year-over-year in the Northeast, and 3.7% in the Midwest. Notably, June marked the 27th month in a row in which restaurant prices outpaced grocery prices, according to Kalinowski Equity Research. However, the gap between restaurant inflation and grocery inflation decreased by 20 basis points in June and is now 140 basis points in favor of grocery stores. Kalinowski notes that this is double the historical gap between the two categories, likely weighing on restaurant sales throughout the past year and with little relief expected throughout the duration of 2025. 'On an absolute basis, the +3.8% year-over-year increase for restaurant pricing is plus-40 basis points higher than the 23-year historical average of +3.4%,' president and CEO Mark Kalinowski wrote in a note. 'Compared to the last 1 to 3 years, inflation is gradually becoming less of a problem for the U.S. restaurant industry as a whole. So, while the current dynamic isn't favorable for restaurants, it isn't the largest challenge facing the restaurant industry and its sales trends, either.' Contact Alicia Kelso at
Yahoo
4 days ago
- Business
- Yahoo
Menu prices increase for the fifth straight month
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. Federal data released Tuesday morning from the Bureau of Labor Statistics shows that inflation accelerated to 2.7% on an annual basis in June, and is up 0.3% versus May, marking the fastest monthly jump since January. The monthly overall food index increased 0.3%, matching May's increase. Grocery prices rose 0.3%, also matching May's increase, with coffee, beef, and fruits and vegetables ticking up. On an unadjusted 12-month basis, grocery prices are up 2.4%, under-pacing overall inflation, as well as menu prices. Those menu prices rose 0.4% in June, marking an increase for the fifth straight month. On a 12-month basis, menu prices are up 3.8%, driven largely by the full-service category, which was up 0.5% in June. Limited-service meals, meanwhile, were up 0.2%, the slowest rate of increase in three months. The index for full-service meals rose 4% year-over-year, while limited-service meals are up 3.5% over the same period. While menu inflation remains stubbornly high, it remains well below the 8.8% peak from March 2023, according to the National Restaurant Association. Regionally, the West posted the fastest menu price growth in June, with a 4.1% year-over-year increase, followed by the South, with 3.9% growth, according to the association. Menu prices increased 3.5% year-over-year in the Northeast, and 3.7% in the Midwest. Notably, June marked the 27th month in a row in which restaurant prices outpaced grocery prices, according to Kalinowski Equity Research. However, the gap between restaurant inflation and grocery inflation decreased by 20 basis points in June and is now 140 basis points in favor of grocery stores. Kalinowski notes that this is double the historical gap between the two categories, likely weighing on restaurant sales throughout the past year and with little relief expected throughout the duration of 2025. 'On an absolute basis, the +3.8% year-over-year increase for restaurant pricing is plus-40 basis points higher than the 23-year historical average of +3.4%,' president and CEO Mark Kalinowski wrote in a note. 'Compared to the last 1 to 3 years, inflation is gradually becoming less of a problem for the U.S. restaurant industry as a whole. So, while the current dynamic isn't favorable for restaurants, it isn't the largest challenge facing the restaurant industry and its sales trends, either.' Contact Alicia Kelso at
Yahoo
05-07-2025
- Business
- Yahoo
Here's How Much a Meal at McDonald's Costs in the US Compared to Asia
While American diners may be a bit miffed at the recent price hikes common to ordering a meal at McDonald's compared to times past, inflation appears to be taking a bite out of fast-food budgets worldwide, Asia included. Read Next: Find Out: According to The Washington Post, McDonald's menu prices ticked upward by about 40%, on average, during the five-year period spanning 2019 through 2024. But what about nations such as Japan, China and South Korea? A brief comparison of some menu item prices, notably the staple Big Mac combo, follows. If you're keen to visit the golden arches in the land of the rising sun, you're going to spend a whole let less than you might if you were to do so stateside. A Big Mac meal in Japan will set you back 750 yen, or about $5.20, while it's priced at $10.19 in the United States. Meanwhile, the price differential is about the same when comparing two close cousins — the Spicy Crispy Chicken meal (770 yen, or $5.34) from Japan set against the Deluxe Spicy McCrispy meal, which comes in at $10.29. If breakfast is more your bag, an Egg McMuffin combo costs $7.69 stateside, versus $2.77 in Japan. If you're visiting or residing in China, it's sometimes more difficult to draw direct comparisons given the difference in regional menus between U.S. restaurants and their Chinese counterparts. Nonethless, the staple Big Mac sandwich will set you back $3.47 in China (as of 2024, per an infographic distributed by The Economist), versus $5.89 in the United States. One reddit user posting in July 2024 claimed that a double cheeseburger, fries, soft drink and corn cup set them back $4 USD — while a combo containing two cheeseburgers, fries and soft drink will cost you more dearly at $9.19 in the U.S. As The Korea Herald reported, McDonald's recently introduced further price increases on 20 menu items in March of this year, less than a year after price increases hit most menu items in that country in May 2024. As a result, the Big Mac meal increased by 200 won to a total of 7,400 won — or $5.47. That's still only a little more than half the price it would cost you in America. While menu prices are scarce otherwise, Shuttle Delivery services indicate a premium of 28% when delivering McDonald's food to hungry customers. A rough extrapolation suggests that a McCrispy meal in South Korea would set one back about 7,000 won (or $5.17 USD, versus $10.19 domestically) or a Quarter-Pounder with Cheese meal about 7,100 won (or $5.25, against $10.19 in the U.S.). More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 25 Places To Buy a Home If You Want It To Gain Value 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on Here's How Much a Meal at McDonald's Costs in the US Compared to Asia
