Subscribe Login
Restaurant

McDonald's Japan Hikes Prices For Third Time In 10 Months On Surging Costs

By Dave Simpson

The Japanese operator of McDonald's restaurants announced its third price hike in less than a year on Friday 6 January in the latest sign of compounding inflationary pressures on the nation's consumers.

Details

McDonald's Holding Company Japan Ltd said it would raise prices on about 80% of its menu from 16 January, citing currency fluctuations as well as surging costs for materials, labour, transportation, and energy.

The hikes follow previous increases in March and September last year, as Japan grapples with inflation and a slide in the yen that has made imported ingredients more expensive.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

The price for a single cheeseburger will go up to 200 yen ($1.49) this month from 140 yen a year ago. The cost of the signature Big Mac hamburger will go up to 450 yen from 410 yen previously.

Japanese consumers will see price increases on more than 4,000 food items from next month, researcher Teikoku Databank said on Thursday 5 January, following an even bigger wave of hikes last October.

Hot Palette Co And Royal Holdings Co

Separately, Japanese restaurant operators Hot Palette Co and Royal Holdings Co said on Friday 6 January they would also be raising prices in January and March, respectively, mostly on beef and steak items.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription