{"id":2252139,"date":"2024-05-24T12:55:02","date_gmt":"2024-05-24T16:55:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americas-inflation-problem-is-now-a-full-blown-crisis-fast-food-prices-soaring-under-biden\/"},"modified":"2024-05-24T12:58:21","modified_gmt":"2024-05-24T16:58:21","slug":"americas-inflation-problem-is-now-a-full-blown-crisis-fast-food-prices-soaring-under-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americas-inflation-problem-is-now-a-full-blown-crisis-fast-food-prices-soaring-under-biden\/","title":{"rendered":"Fast Food Prices Surge Amid America&#8217;s Inflation Crisis"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famericas-inflation-problem-is-now-a-full-blown-crisis-fast-food-prices-soaring-under-biden%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2252139&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The rise \u2064in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/californias-fast-food-minimum-wage-hike-is-backfiring\/\" title=\"California's increase in fast-food minimum wage is having unintended consequences\">fast-food prices<\/a> under President Biden&#8217;s inflationary\u200d spiral has caught attention. Fox Business highlighted McDonald&#8217;s Big Mac price surge from $3.99 to $8.29 and Subway&#8217;s \u2064BLT Footlong from $5.50 to $8.49. Chipotle&#8217;s chicken \u200bburrito also jumped from\u200c $6.50 to $10.70. These price hikes outpace inflation and \u2062wage increases, impacting consumer perceptions of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-wants-15-federal-minimum-wage-reports-small-businesses-would-be-hardest-hit\/\" title=\"Amazon Wants  Federal Minimum Wage; Reports: Small Businesses Would Be Hardest Hit\">fast food<\/a> as a luxury purchase.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p style=\"font-weight: 400\">As President Joe Biden has been presiding over an inflationary spiral since he took office, the cost of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/when-hollywood-stars-play-victim-card\/\" title=\"Hollywood Stars Playing the Victim\">fast-food dinner<\/a> has skyrocketed.<\/p>\n<p style=\"font-weight: 400\">Fox Business <a href=\"https:\/\/www.foxbusiness.com\/economy\/how-started-how-going-fast-food-prices-soar-under-biden\" target=\"_blank\" rel=\"noopener\">notes<\/a> that in 2019, a Big Mac sandwich at McDonald\u2019s cost $3.99, but it currently sells for a whopping $8.29, according to Fast Food Menu Prices, which also reports that a BLT Footlong at Subway that cost $5.50 in 2019 can now sell for as much as $8.49. Chipotle\u2019s chicken burrito in 2019? $6.50. Now it can be $10.70.<\/p>\n<p style=\"font-weight: 400\">The Federal Reserve Bank of St. Louis posits that fast-food prices, which have risen faster than inflation, have soared more quickly than the salaries of most employees at their restaurants.<\/p>\n<p style=\"font-weight: 400\">\u201cA recent survey <a href=\"https:\/\/www.lendingtree.com\/debt-consolidation\/fast-food-survey\/\" target=\"_blank\" rel=\"noopener\">conducted by LendingTree<\/a> found 78% of consumers now consider fast food to be a \u2018luxury\u2019 purchase due to how expensive the meals have become,\u201d Fox Business <a href=\"https:\/\/www.foxbusiness.com\/economy\/americans-consider-fast-food-luxury-high-prices\" target=\"_blank\" rel=\"noopener\">pointed out<\/a>.<\/p>\n<p style=\"font-weight: 400\">Dan O\u2019Donnell of <a href=\"https:\/\/www.maciverinstitute.com\/2024\/05\/the-scourge-of-fast-food-inflation\/\" target=\"_blank\" rel=\"noopener\">the MacIver Institute<\/a> noted on Thursday, \u201c<a href=\"https:\/\/x.com\/stillgray\/status\/1792902168397377814\" target=\"_blank\" rel=\"noopener\">Prices on basic items<\/a> like McDonald\u2019s cheeseburgers and Chick-fil-A nuggets have risen as much as 200% in less than five years with dire consequences for the lower- and middle-class families who make up much of the fast food customer base. \u2026 This is not, as the White House has repeatedly insisted, the result of price gouging, but rather the shockingly high cost of wages and food production for restaurants like McDonald\u2019s and Taco Bell.\u00a0 Since their business model is entirely predicated on providing quick, convenient meals at low prices, they can ill afford to price their menu items out of the reach of their bargain-conscious customer base.\u201d<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1716644858001000&#038;usg=AOvVaw3bj36IVNtNrBzgK6q6NlAl\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p style=\"font-weight: 400\">\u201cFast food patrons are generally lower-income earners \u2014 many with young children \u2014 who rely on a quick, affordable meal before soccer practice or a band concert,\u201d O\u2019Donnell continued. \u201cWhen prices at these restaurants spike from $35-$40 for a family meal to $65-$70 in just a few years, those families either have to sacrifice a night out or extend themselves just a little further to afford it. \u2026 When even fast food is slipping out of reach, it\u2019s clear that America\u2019s inflation problem is now a full-blown crisis.\u201d<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since taking office, President Biden has overseen a surge in inflation, leading to a sharp rise in fast-food prices. Fox Business highlighted the increase, citing a McDonald&#8217;s Big Mac price jump from $3.99 in 2019 to $8.29 today. Fast Food Menu Prices confirms this alarming trend<\/p>\n","protected":false},"author":60,"featured_media":2252140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2021\/09\/GettyImages-1334907180.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2252139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2021\/09\/GettyImages-1334907180.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2252139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2252139"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2252139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2252140"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2252139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2252139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2252139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}