Friday, May 10, 2024

CNBC shills for price-gouging "worst offender" McDonalds, NYPost tells the truth

 CNBC May 10th: McDonald’s is working to introduce a $5 value meal

But the next to last paragraph indicates they ain't got one yet lol:

An initial proposal by McDonald’s for the $5 value meal did not clear necessary hurdles.

Yeah, no kidding. That's cause your $5 value meal was ten years ago.

The New York Post April 3rd: McDonald’s menu prices have increased by over 100% during the last decade: study 

McDonald’s has jacked up its menu prices by more than 100% over the course of the last decade — more than three times the rate of US inflation, according to a research report. ... Now, a Quarter Pounder with Cheese meal goes for $11.99 — more than double the $5.39 it cost in 2014, according to a study by FinanceBuzz, which cited average prices nationwide. ...

The analysis by FinanceBuzz found that McDonald’s was one of 13 restaurants that have raised menu prices in the last decade by 60% on average between 2014 and 2024 — or nearly double the cumulative national rate of inflation of 31% over that period.

While McDonald’s was the worst offender — tripling the rate of inflation, according to FinanceBuzz — Popeyes, Taco Bell, Chipotle and Jimmy John’s raised the prices of their menu items at more than double the actual inflation rate, the study found.     

It's like Obamacare.