As fast food prices climb, McDonald's is reportedly planning a new $5 meal.
The Golden Arches currently offer some individual items on its $1, $2, $3 menu, but it may be rolling out a new value meal with a McChicken or McDouble, fries and a drink for just $5, as Bloomberg, Chief Executive Officer Chris Kempczinski said McDonald’s would look to be "laser-focused on affordability." He was spoking on the company'sIn this photo illustration, a McDonald's cheeseburger and fries are displayed on a table at a McDonald's restaurant on Dec.
Colleen Pipes, whose video went viral after she spent $14 on a fast food order, told ABC News, "I joked that this was fine dining now, because I might as well go at a sit down restaurant and be served pay those type of prices."Starbucks told ABC News that some price increases at their stores has been a result of customers opting in for customizations on drinks, which can bump up the price.
Consumer behavior is also changing outside restaurants, while shoppers like Lorin Augeri of Tampa, Florida scour to score the best prices on groceries by going to multiple stores."I've learned how to map out where those things are going to be less expensive, or which stores have the items that me and my family enjoy eating," she told ABC News.
"Before the pandemic consumers tended to shop primarily at one grocery store -- the pandemic was very disruptive," he said. "Consumers couldn't get a lot of the products that they wanted at one particular store. So they actually started shopping in more retail grocery stores.""Please lower your prices so you can't go up any further," she said.
While McDonald's has not yet officially confirmed the new value meal, the company has long stated and reiterated that prices vary by location due to individual franchisee decisions.
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