Fast food has long been regarded as a convenient and affordable meal option. But over the past decade, a classic hamburger-and-fries combo has become increasingly unattainable for many Americans. Fast-flation — the term used to describe soaring fast food menu prices — continues to affect diners nationwide. So much so, that many consider fast food a “luxury,” and are choosing to eat more meals at home instead of dining out.
A recent study from FinanceBuzz found that average fast food prices have risen between 39% and 100% from 2014 to 2024 — increases that “outpaced” inflation during the given time period. Since 2014, McDonald’s had the highest price increases compared to other major chains with menu prices doubling (100% increase) across popular items. Earlier this year, the multinational fast food chain sparked a national debate after a McDonald’s in Darien, Connecticut, charged an astounding $18 for a Big Mac combo meal. The backlash compelled McDonald’s CEO Chris Kempczinski to announce that the company would make affordability a priority in 2024 during a Feb. 5 earnings call.
