McDonald's hikes prices in Japan on higher input costs, weaker yen

Japan's McDonald's fast food restaurants will raise prices on about 60% of offerings to customers, fuelled by rising input costs and exchange-rate fluctuations, the company said on Monday.


Reuters | Tokyo | Updated: 26-09-2022 07:59 IST | Created: 26-09-2022 07:59 IST
McDonald's hikes prices in Japan on higher input costs, weaker yen
  • Country:
  • Japan

Japan's McDonald's fast food restaurants will raise prices on about 60% of offerings to customers, fuelled by rising input costs and exchange-rate fluctuations, the company said on Monday. From Friday, the cost of the signature Big Mac hamburger will increase to 410 yen ($2.85) from 390 yen, McDonald's Holding Company Japan Ltc said in a statement, reflecting increases of 10 to 30 yen on many items.

A Big Mac costs $5.15 in the United States, according to the Economist magazine's index of prices worldwide. Rising production costs and the yen's slide to a 24-year low has led spurred price increases by 60% of major Japanese restaurants, according to a survey issued this month by Tokyo Shoko Research.

Separately, Mister Donut shops in Japan are to raise prices on most items by about 7.4% from Nov. 25, its parent company, Duskin Co., said. ($1=143.8000 yen)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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