Fast food burger prices rise by 5.9% in the US, driven by ingredient and labor cost increases.
Fast food burger prices have increased by 5.9% in the US compared to a year ago, while lettuce, cheese, pickles and sesame seed buns have also seen price hikes. The latest Consumer Price Index shows overall food inflation to remain relatively stable, in contrast to rising costs for ingredients and labor affecting small businesses. Experts predict consumers could see record-high beef prices towards the end of 2024 and into 2025 due to limited supply and rising production costs.
March 12, 2024
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