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In the 1950s, fries were only $0.10, as seen in this photo from The Huffington Post. Say what you will about McDonald’s other menu items, but it’s hard to complain about its fries - which are arguably priceless. Today, it costs $1, and a double cheeseburger is $1.59. In 1955, a McDonald’s cheeseburger was only $0.19, reports the Chicago Tribune. The Big Mac is not the only price spike you can find in the McDonald’s burger family. From 1968 to January 2015, the price of a Big Mac jumped from around $0.49 to $4.79, according to Desert News and The Economist. Perhaps one of McDonald’s most iconic menu items, the Big Mac has experienced a drastic price change over the years. From Wendy’s to Starbucks - and cheeseburgers to coffee - take a look at how much classic burgers, fries, drinks and other items have increased in price throughout the years. So although the cost of fast food has increased since you, your parents or your grandparents were kids, you should enjoy the current, relatively low prices while you can.
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The price increase doesn’t stop there, though if sales decrease by 14 percent, the average fast food joint would likely have to raise its prices by a whopping 38 percent. What does this mean for menu prices? Prices would have to increase by approximately 15 percent as well. There is a myriad of factors that impact the prices of your favorite fast food items, including employees’ wages.Īccording to a 2014 report from The Heritage Foundation, if fast food restaurants were to raise the minimum wage for workers to $15 an hour, the restaurants’ total costs would increase by about 15 percent. If you were around in the 1950s and ’60s, for example, you could probably feed your family of four for less than $2 at McDonald’s or Burger King!įast food brands like these are subject to price increases over time, but it can be difficult to predict how much prices will rise by looking at inflation. CNN Sans ™ & © 2016 Cable News Network.While food prices should be expected to rise over time with the natural progression of inflation, you might be surprised by how cheap some of your favorite fast food items were in the past. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates.
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Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account In the company’s most recent earnings call, CEO Chris Kempczinski said that premium burger sales, like the Quarter Pounder, has been a “standout performer” and promised more innovation.
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This promotion could help McDonald’s restaurants create buzzy “new” menu items without the burden of ordering new ingredients or training staff on how to make them.īreakfast has been a focus for McDonald’s as rivals ramp it up, but it hasn’t ignored its burger offerings. The Grand Mac used only two patties, but they were larger than a typical piece of meat used on a regular Big Mac. In 20, it sold the Grand Mac and the Mac Jr. McDonald’s has sold different versions of the Big Mac in the past. It has 720 calories and 43 grams of fat.īy comparison, a regular-sized Big Mac, which has two patties, costs $3.99. The Double Big Mac, which costs $5.49, has four burger patties. The Little Mac is similar to a McDonald’s single cheeseburger: It’s a single patty with a dollop of Special Sauce. McDonald's will serve a Little Mac (left) and a Double Big Mac (middle) beginning Wednesday.