How Fast Food Inflation & Shrinkflation Is Real In 2024
490You're not imagining fast food inflation & shrinkflation. Have you noticed that fast food portions are getting smaller? Here's everything you need to know about fast food shrinkflation!
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In recent years, the cost of living has surged globally, but few sectors have felt the pinch quite like the fast food industry. If you often go to fast food restaurants, such as McDonald’s, Subway, Burger King or even Domino’s, you might have noticed that prices have been going up at an alarming rate. For example, the McChicken sandwich from McDonald’s has gone from $1 to $2.99. That’s a 199% price increase in just 10 years! So, how come fast food brands, which are commonly known to be cheap, have raised their prices so much over the last decade? If you enjoyed this video. Comment: #inflation #shrinkflation #babbletop
TIMESTAMPS:
0:00 Fast Food Inflation & Shrinkflation Is Real In 2024
0:41 How Fast Food is Reshaping Prices
2:09 Why Prices are Rising in the Fast Food Industry
3:36 Labor Costs are Also Rising
4:36 Effects of the Global Supply chains
5:34 The Consequences of Price Surging
7:22 Five Guys Example of Fast Food Shrinkflation
8:27 What Brands are Doing to Overcome Complaints
10:38 Simplifying Fast Food Menus
12:27 The Impact of Rising Fast Food Prices
14:01 The Shift Towards Digital Solutions
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All clips used for fair use commentary, criticism, and educational purposes. See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015).