McDonald's plans to raise prices in 2011 to help offset rising food costs

McDonald's likely to raise prices in 2011

McDonald's plans to raise prices in 2011 to help offset rising food costs

McDonald's said it planned to raise prices in 2011 to offset rising food costs. -- PHOTO: AFP LOS ANGELES - MCDONALD'S Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 per cent of its food preparation costs. Food prices are rising around the globe and the comments from the world's biggest restaurant chain overshadowed weaker-than-expected December sales at established European and US restaurants, as poor weather hurt demand, and a reported fourth-quarter profit that was in line with expectations. McDonald's expects its costs to rise 2 per cent to 2.5 per cent this year in the United States and 3.5 per cent to 4.5 per cent in Europe. Beef, chicken, pork, bread and milk products, paper, cola, ketchup and other sauces, and fruits and vegetables top McDonald's US shopping list. Chief Fina...

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Tweets

@caspia_lin » 25 Jan '11, 10am
@jennacherylen RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@Secheverria1963 » 25 Jan '11, 7am
McDonald's likely to raise prices in 2011: Diners around the world remain cautious with their spending on food a... [link]
@_rence » 25 Jan '11, 6am
wtf? e meat patties r already so pathetic & u wanna raise prices?. RT @stcom: McDonald's plans to raise prices in 2011 [link]
@jwlng » 25 Jan '11, 5am
McDonald's likely to raise prices in 2011 [link] I thought they've been quietly raising prices?Happy meal used to cost only $4.
@DesmondKwan » 25 Jan '11, 5am
i dun care as much abt inflation, but i care ALOT when mcdonalds plan to raise prices. seriously. RT @stcom [link]
@Umarahnail » 25 Jan '11, 5am
OMG! NO~ RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@Tim_Lew2 » 25 Jan '11, 5am
McDonald's likely to raise prices in 2011 [link] (via ST iPhone App)
@aziela7 » 25 Jan '11, 5am
Say whaaaaat? RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@linkuek » 25 Jan '11, 5am
RT @davidtangzc: RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link] -> after making 4.5b profit?
@davidtangzc » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link] -> after making 4.5b profit?
@MartynLim » 25 Jan '11, 4am
Price goes up, size goes down RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@goreleer » 25 Jan '11, 4am
I already find their prices high. RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@loveeelockdown » 25 Jan '11, 4am
RT @sophiewillocq: NOOOO )': RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@blurlinda » 25 Jan '11, 4am
@PopsyAbs RT @shawnified: RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@TERRAtan » 25 Jan '11, 4am
WTF! RT @sophiewillocq: NOOOO )': [email protected]: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@sophiewillocq » 25 Jan '11, 4am
NOOOO )': [email protected]: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@jerlynnn » 25 Jan '11, 3am
So ex!! RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@AronWan » 25 Jan '11, 3am
oh no!!! RT @stcom McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@9d9m » 25 Jan '11, 3am
Make it $15 per meal lar!! Simple. RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@caspia_lin » 25 Jan '11, 3am
dey r alr not value for $.. RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@amandalimshihui » 25 Jan '11, 5pm
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@magpieflag2010 » 25 Jan '11, 12pm
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@XawnologY » 25 Jan '11, 12pm
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@samuelyapp » 25 Jan '11, 10am
Noooo!!! RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@carolyuenaz » 25 Jan '11, 10am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@teozixin » 25 Jan '11, 10am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@harrylau » 25 Jan '11, 10am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@StannerTan » 25 Jan '11, 9am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@HumanzJen » 25 Jan '11, 9am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@eriol125 » 25 Jan '11, 8am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@Escavalier » 25 Jan '11, 8am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@kmlime » 25 Jan '11, 8am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@fash_hana » 25 Jan '11, 7am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@CordulaYim » 25 Jan '11, 6am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@nikkigoh » 25 Jan '11, 6am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@kpcovfgs » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@chelunz » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@gohg » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@ReddieC » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@Naijiew » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@ApelSuzanne » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@Vannaboink » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@CalvinTimo » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@DrZWIN » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@tokingpizzas » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@juni__e » 25 Jan '11, 4am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@wrcyn » 25 Jan '11, 3am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@thirteenthloves » 25 Jan '11, 3am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@luffyduff » 25 Jan '11, 3am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]
@xfoooodhunter » 25 Jan '11, 3am
RT @stcom: McDonald's plans to raise prices in 2011 to help offset rising food costs [link]