Lately food prices have increased significantly, and it is predicted that they will keep increasing. Their prices are projected to increase 9 to 11.5% of what they were, two of the foods that are predicted to increase are beef and seafood. Beef is predicted to go up 5.5 to 6.5% and seafood is predicted to go up 9 to 10%. It's not just food in your stores that are increasing, it is also fast food restaurants. Many fast food chains are raising prices on their food but they are skimpiering down food proportions and still expect us to pay more. Two notable fast food chains that are doing this are dominos and burger king. Domino’s has increased their mix and max delivery deal from $5.99 to $6.99, Burger King has cut their 10 piece chicken nuggets to 8 pieces.
Those aren’t the only two fast food restaurants that have increased their prices, chipotle, starbucks, and mcdonalds are also some places that have increased prices. Chipotle has increased 10%, McDonalds increased 6% just in 2021, and Starbucks has increased their prices more than 3 times since october. Inflation is one of the biggest reasons all of this is happening but its not the only reason. Another reason is demand, the demand for fast food has rocketed up because places are reopening after covid and people are leaving their house for food. Covid is also another reason although covid has died down some factories that package or produce foods have not fully recovered and or opened.
What do you think of increasing food prices?
Do you think fast food restaurants should go back to there old prices?