McDonald's hikes prices in Japan on higher input costs, weaker yen
26/09/2022 03:28
TOKYO, Sept 26 (Reuters) - Japan's McDonald's fast food
restaurants will raise prices on about 60% of offerings to
customers, fuelled by rising input costs and exchange-rate
fluctuations, the company said on Monday.
From Friday, the cost of the signature Big Mac hamburger
will increase to 410 yen ($2.85) from 390 yen, McDonald's
Holding Company Japan Ltc 2702.T said in a statement,
reflecting increases of 10 to 30 yen on many items.
A Big Mac costs $5.15 in the United States, according to the
Economist magazine's index of prices worldwide.
Rising production costs and the yen's slide to a 24-year low
has led spurred price increases by 60% of major Japanese
restaurants, according to a survey issued this month by Tokyo
Shoko Research.
Separately, Mister Donut shops in Japan are to raise prices
on most items by about 7.4% from Nov. 25, its parent company,
Duskin Co. 4665.T , said.
($1=143.8000 yen)
(Reporting by Rocky Swift; Editing by Clarence Fernandez)
((clarence.fernandez@thomsonreuters.com; +6568703861;
RM:clarence.fernandez.thomsonreuters.com@thomsonreuters.net))