Current:Home > InvestMcDonald's president hits back at claims Big Mac prices are too high amid inflation -WealthTrail Solutions
McDonald's president hits back at claims Big Mac prices are too high amid inflation
View
Date:2025-04-15 11:31:34
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! (5559)
Related
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Thousands urged to evacuate, seek shelter as powerful Cyclone Mocha bears down on Bangladesh, Myanmar
- This Blurring Powder Foundation Covers My Pores & Redness in Seconds— It's Also Currently on Sale
- 'Like a Dragon: Ishin!' Review: An epic samurai tale leaves Japan for the first time
- In ‘Nickel Boys,’ striving for a new way to see
- Hayden Panettiere Would Be Jennifer Coolidge's Anything in Order to Join The White Lotus
- Ariana Madix’s Next Career Move Revealed After Vanderpump Rules Breakup Drama
- Scientists are flying into snowstorms to explore winter weather mysteries
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Volcanic activity on Venus spotted in radar images, scientists say
Ranking
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Beyoncé dances with giant robot arms on opening night of Renaissance World Tour
- It’s National Chip & Dip Day! If You Had These Chips and Bowls, You Could Be Celebrating Already
- Iris Apatow Praises Dreamboat Boyfriend Henry Haber in Birthday Tribute
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- What DNA kits leave out: race, ancestry and 'scientific sankofa'
- Citing security concerns, Canada bans TikTok on government devices
- Twitter bots surfaced during Chinese protests. Who's behind them remains a mystery
Recommendation
Connie Chiume, South African 'Black Panther' actress, dies at 72
A TikTok star who was functionally illiterate finds a community on BookTok
He logged trending Twitter topics for a year. Here's what he learned
Chris Martin Reveals the Heartwarming Way Dakota Johnson Influenced His Coldplay Concerts
Rylee Arnold Shares a Long
U.K.'s highly touted space launch fails to reach orbit due to an 'anomaly'
Israel, Islamic Jihad reach cease-fire after days of violence which left dozens dead
Supreme Court showdown for Google, Twitter and the social media world