Cheeseburger falls victim to cost-of-living crisis ...News

Russia Today - Economy
Cheeseburger falls victim to cost-of-living crisis
source : Russia Today ( News ) () 34
The McDonald's staple in the UK sees first price hike in 14 years The British branch of the global fast-food chain McDonald's has raised the price of one of its cheapest staples, the cheeseburger, for the first time in more than 14 years. Rising inflation has forced the company “to make some tough choices” over pricing, McDonald’s UK & Ireland CEO, Alistair Macrow, said in a statement to customers on Wednesday. The cost of a cheeseburger in Britain went up 20% from 99 pence ($1.19) to £1.19 ($1.40). The increase comes as inflation in the UK peaked at 9.4% in June, the highest level in 40 years, mostly driven up by

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