CNBC | Why Fast Food Has Gotten So Expensive @CNBC | Uploaded May 2024 | Updated October 2024, 15 hours ago.
Prices at limited-service restaurants including Wendy's, Taco Bell, Chick-fil-A and Chipotle have increased more over the past decade than both full-service restaurants and overall inflation, according to the U.S. Bureau of Labor Statistics. Experts say rising labor costs are the main culprit. McDonald's underwhelming first-quarter 2024 earnings results are one example of a fast-food giant feeling the repercussions of its soaring prices. Watch the video to learn more.
Chapters:
0:00 Introduction
4:30 Rising costs
6:05 Looking ahead
Produced and Shot by: Ryan Baker
Camera by: Natalie Rice
Edited by: Evan Lee Miller
Animation: Jason Reginato and Christina Locopo
Supervising Producer: Jeniece Pettitt
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Burger King, Chili’s, Subway
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Why Fast Food Has Gotten So Expensive
Prices at limited-service restaurants including Wendy's, Taco Bell, Chick-fil-A and Chipotle have increased more over the past decade than both full-service restaurants and overall inflation, according to the U.S. Bureau of Labor Statistics. Experts say rising labor costs are the main culprit. McDonald's underwhelming first-quarter 2024 earnings results are one example of a fast-food giant feeling the repercussions of its soaring prices. Watch the video to learn more.
Chapters:
0:00 Introduction
4:30 Rising costs
6:05 Looking ahead
Produced and Shot by: Ryan Baker
Camera by: Natalie Rice
Edited by: Evan Lee Miller
Animation: Jason Reginato and Christina Locopo
Supervising Producer: Jeniece Pettitt
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Burger King, Chili’s, Subway
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to make extra money outside of your day job? Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off through 8/15/24: https://cnb.cx/4dFP9Wa
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Get the latest news: cnbc.com
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Why Fast Food Has Gotten So Expensive
