Rising exchange rate fluctuations Volume 60 % of McDonald's products increase prices

McDonald's 60 % product increase price increase

[Global Times Comprehensive Report] According to Singapore Asian News and Television reported on the 26th, McDonald's Holdings in Japan said on the same day that due to rising costs and exchange rate fluctuations, Japan's McDonald's fast food restaurant will adjust about 60%of the prices of products.From September 30th, the price of the signature giant Burger will rise from 390 yen to 410 yen (100 yen or about 4.97 yuan), and the price of other goods ranges from 10 to 30 yen.

This is the second price increase in McDonald's in Japan since this year, mainly due to the sudden depreciation of the yen, and the sharp surge in raw material prices, labor and logistics costs.The global price index of the British "Economist" shows that the price of a giant Burger in the United States is $ 5.15 (about 741 yen), which means that the yen is underestimated by 45%.A survey issued by Tokyo Commercial and Industry Research Company this month shows that the increase in production costs and the lowest point in the 24 years has led to the rise in pricing of most restaurants in Japan, and some increased by 60%.(strict)

- END -