McDonald's hikes prices in Japan on higher input costs, weaker yen [Financial Post (Toronto, Ontario, Canada)]
McDonald's Corporation (MCD)
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Source: Financial Post
Global Affairs Canada admits some costs on nearly $100k in-flight catering tab for GG… Advertisement From Friday, the cost of the signature Big Mac hamburger will increase to 410 yen ($2.85) from 390 yen, McDonald's Holding Company Japan Ltc said in a statement, reflecting increases of 10 to 30 yen on many items. A Big Mac costs $5.15 in the United States, according to the Economist magazine's index of prices worldwide. Rising production costs and the yen's slide to a 24-year low has led spurred price increases by 60% of major Japanese restaurants, according to a survey issued this month by Tokyo Shoko Research. Separately, Mister Donut shops in Japan are to raise prices on most items by about 7.4% from Nov. 25, its parent company, Duskin Co., said. ($1=143.8000 yen) (Reporting by Rocky Swift; Editing by Clarence Fernandez)
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