Andy Puzder, former CEO of CKE Restaurants, tells the industry how fast food companies are trying to keep up with inflation and criticizes Biden’s tax policy.
According to a recent survey of American consumers fast food In terms of prices, a burger chain came out on top because of its highest-priced menu. The study comes at a time when Americans say they have felt the brunt of inflation and price increases like never before.
The study conducted by Preply stated that Shake Shack was ranked the highest priced restaurant for the chains, followed by Five Guys and Sugar Factory.
In March, Shake Shack raised its prices by 3%.
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Shake Shack is an American fast-casual restaurant that serves a variety of burgers, hot dogs, fries, chicken nuggets, sandwiches, soft serve, and more. (iStock/iStock)
Fox Business has contacted Shake Shack and Five Guys for comment.
To make their determination, researchers analyzed the language of 57,245 reviews for more than 10,000 restaurants in 50 cities across the country.
To determine overpriced scores, the authors looked for keywords — like “expensive” or “rip-off” — in restaurant reviews in each city and analyzed how often they were used. by patrons,
According to the study, the cities with the highest-priced restaurants were Oakland and San Jose, California, and Virginia Beach, Virginia.
“Three of the top five cities are in California, highlighting how California’s high restaurant prices align with the state’s rising costs,” the study said. “In addition to higher prices in general, California residents are known for preferring higher quality materials over those that cost more.”
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McDonald’s US President Joe Erlinger appeared on the “Today” show to discuss the rising prices of fast food. (Jakub Porzycki/NurPhoto via Getty Images | NBC Screenshot/Fox News)
“Unfortunately, some restaurants fall short of this goal. They create inflated menu prices that are not in line with what might be considered fair for the quality and quantity of food offered.”
New York City topped the list of municipalities with the lowest-priced restaurants.
The study was conducted by several restaurants and fast-food chains increased pricesIn May, Joe Erlinger, president of McDonald’s USA, defended the increases, denying reports that the increases were significant.
Shake Shack’s new Avocado Bacon Burger and Avocado Bacon Chicken. Both come with sliced avocado and applewood smoked bacon. (Shake Shake/Fox News)
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“Recently, we’ve seen viral social posts and poorly sourced reports that McDonald’s has raised prices well above inflation rates,” he said. “The average price of a Big Mac in the US was $4.39 in 2019. Despite historic increases in supply chain costs, wages and other inflationary pressures in the years leading up to the global pandemic and beyond, the average cost is now $5.29. This is an increase of 21% (100% ) No.”
