SUPER-SIZE ME: Bidenflation Has Crushed Fast Food Value Meals.
“With fast food chains and restaurants facing higher costs across the board, one thing you’re probably seeing is that deals are not as cheap as they once were,” NBC correspondent Tom Costello said. Restaurants are raising wages to confront labor shortages and “those costs get passed down to all of us. … Especially for restaurants where the margins are already very very thin, they can’t afford to eat those extra costs.”
“As a result, you and I are going to be paying more for that burger,” Costello said.
The Biden administration has faced criticism for the nation’s spike in inflation, with consumer prices climbing 7 percent over the last year, the Labor Department reported this month. A 6 percent rise in restaurant prices has contributed to the country’s economic woes. Little Caesars, for example, raised the price of its famous Hot-N-Ready pizza for the first time in 20 years, from $5 to $5.55. Popeyes has raised the price of its Big Box Deal by $1, and Domino’s Pizza has limited purchases of its $7.99 meal deal to online only.
Previously: “That raise meant nothing”: Inflation’s “unexpected” reality dawns at WaPo.