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Brunei
Sunday, December 4, 2022
23.3 C
Brunei
Sunday, December 4, 2022
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    McDonald’s hikes prices in Japan on higher input costs, weaker yen

    CNA – Japan’s McDonald’s fast food restaurants will raise prices on about 60 per cent of offerings to customers, fuelled by rising input costs and exchange-rate fluctuations, the company said yesterday.

    It marks the company’s second set of price increases this year as Japan grapples with inflationary pressures and a slide in the yen to a 24-year-low, making imported ingredients more expensive. The two rounds of hikes this year are the first since 2019.

    From Friday, the cost of the signature Big Mac hamburger will increase to JPY410 yen (USD2.85) from JPY390, McDonald’s Holding Company Japan said in a statement, reflecting increases of JPY10 to JPY30 on many items.

    People walk past a McDonald’s outlet in Tokyo. PHOTO: CNA
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