MCDONALD’S is the latest in a line of restaurants and retailers to hike menu prices because of rising inflation.
Maccies has sparked outrage after bumping up the cost of its 99p cheeseburger for the first time in 14 years.
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Many firms have blamed sky-rocketing costs, the Covid crisis or general supply issues.
McDonald’s announced this morning it would be increasing the cost of a range of menu items, including the 99p cheeseburger.
The fast food giant said price hikes would start from today, adding between 10p and 20p to the cost of a number of the menu items most impacted by inflation.
It means the fan-favourite cheeseburger – the price of which hasn’t changed since 2008 – will now cost 20p more for £1.19.
But it’s not just McDonald’s whose prices have jumped up – here are a few other places where you’ll notice your bill has gone up this year.
Costa
The coffee outlet came under fire in June for hiking prices for the second time in six months.
Some menu items went up by as much as 12%, with the cost of a small cappuccino rising from £3.15 to £3.50.
The Sun also discovered that Costa was charging as much as £6 for pimped-up versions of its lattes and cappuccinos with all the added extras.
The same drinks can also cost an extra 15p at the airport.
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Nando’s
Nando’s quietly hiked its prices early this year by as much as 8%.
The restaurant giant added 55p to the price of its whole chicken dish in January.
The price of 10 chicken wings with two sides also increased to £15.45 from £14.95, and a houmous with peri-peri drizzle went up from £3.95 to £4.25.
Nando’s suffered a £242million pre-tax loss in the year to February 2021 — and a £99million loss the previous year.
It said it had hiked prices after suffering “the most challenging year” in history.
Dunelm
Dunelm confirmed in January that price hikes will go up this year – but it’s not clear by how much.
Again, it blamed inflation for the sudden surge.
Now, retailers like B&M are taking advantage and selling dupes costing up to 67% less than Dunelm.
The items aren’t direct copies of the products you can find at Dunelm, but they’re close enough and cheap enough to reel bargain-hunters in.
Next
Clothing giant Next has warned prices will increase by 6% this winter.
Its spring and summer collections are also on shelves for prices risen by 3.8% compared to last year..
It blamed its price jump on wage costs – real term pay cuts are becoming more common as inflation goes up.
That means companies are struggling and therefore wages are not increasing at the same pace as inflation.
Greggs
The fan-favourite bakery has also come under fire for increasing the prices of some of its most popular items by up to 10%.
Earlier this year, the Greggs sausage roll went up by 5p, much to the disappointment of food fans.
Greggs said the move was a “last resort”.
Now, Bank of England economists are warning inflation could hit 15% by the end of the year – leaving purse strings pulled tight.
And Iceland boss Richard Walker said firms must accept low profits in order to help customers in the cost of living crisis – read here.
