McDonald's Japan hikes prices in city centres as costs bite
19/06/2023 09:53
By Anton Bridge
TOKYO, June 19 (Reuters) - The Japanese operator of
McDonald's restaurants said on Monday it would raise prices at
184 city centre branches, equivalent to about 6% of its 3,000
stores, to help absorb higher rents and labour costs.
Until now, 40 stores in some city centres and special
locations such as airports and motorway service stations had
been subject to "city centre pricing".
McDonald's Holdings Company Japan 2702.T said the new
pricing would start on July 19.
Many businesses have begun passing on to consumers the
higher costs of imported energy and raw materials.
McDonald's, Japan's largest fast-food chain, has led the way
with three price increases across all outlets since March 2022,
including the latest one in January.
McDonald's said the latest round of hikes would range from
10 to 90 yen per item or set. The delivery price of a Big Mac
would rise to 590 yen ($4.16) from 540 yen, it said in a press
release.
The yen has fallen to 141.81 to the dollar, from around 133
at the beginning of the year.
($1 = 141.8000 yen)
(Reporting by Anton Bridge, Editing by Chang-Ran Kim and Angus
MacSwan)
((Anton.Bridge@thomsonreuters.com;))