TOKYO: Japan’s McDonald’s fast food restaurants will raise prices on about 60% of offerings to customers, fuelled by rising input costs and exchange-rate fluctuations, the company said on Monday.
From Friday, the cost of the signature Big Mac hamburger will increase to ¥410 (US$2.85) from ¥390, McDonald’s Holding Company Japan Ltc said in a statement, reflecting increases of ¥10 to ¥30 on many items.
A Big Mac costs US$5.15 in the US, according to the Economist magazine’s index of prices worldwide.
Rising production costs and the yen’s slide to a 24-year low have 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.