McDonald's Big Mac has been the menu's star since 1967. The famed burger's pricing has changed
considerably during its 55-year history, but its formula has not. Today, it costs 40% more than ten years ago.
The Big Mac is a powerful symbol of American inflation, according to CNBC. The Economist devised the Big Mac index in 1986 to track the
burger's pricing against various currencies because to its global demand. In "Burgernomics," the burger price illustrates purchasing power parity
The typical Big Mac now costs $6.05 in the U.S., up 37% in a decade, beating the rising cost of living.
Inflation reached 7% between December 2020 and December 2021, matching the 7% Big Mac price rise. According to CNBC,
But Big Mac isn't alone. Supply chain interruptions are raising prices on many popular fast-food items.
On Thursday, Wingstop reported a 27.5% increase in chicken wing prices in Q4 2021. To counter rising shipping, labor, and food expenses,
Burger King removed the Whopper from its Two for $5 menu. Little Caesars boosted its $5 Hot-N-Ready pizza to $5.55 while Chipotle raised menu pricing by 4%