The rise in fast food prices over the past 10 years compared to listed inflation, 2014 to 2024

https://i.redd.it/dlh9qvkfouxc1.jpeg

by slappywhyte

10 comments

  2. I’m still trying to figure out how damn near everything you buy…entertainment, clothes, services…and everything you can’t not buy…food, gas, electricity, rent, medicine, insurances…is up by double digits every year but the “official” inflation rate remains far lower.

    Ah, the magic of “Economics 101”, where adding higher individual rates together results in lower overall rates.

  3. “Actual inflation” is kind of a joke anyway because of how they track the CPI. The methods have been “improved” 30+ times since the creation of the index. Frankly it is too political of a number to expect it to not be manipulated.

  4. WTF is the problem with the x-axis? Those are not equal increments at all. This changes the appearance of the actual curves and distorts the data.

  5. Yes McDonald’s got crazy… It’s cheaper to go to fancy restaurant… At least at where I live

  6. McDonald’s needs to add linen and offer wine at their store. Their prices are pretty close to an actual sit down restaurant!!

    Why people continue to shop there is beyond me

  7. imho, fast food places are very inelastic demand. whenever there is an economic pinch people cut fast food places first. their drop in sales are HUGE. so they have to hike prices massively on the remaining passengers so make the same revenye as before.

  8. Food is one of the highest contributors to inflation, after transportation, while other factors of CPI or “actual inflation” as used in the graph, are lower. If you do the same graph with apparel, you will see an inverse, that most apparel is below inflation. This is how averages work; this graph is telling us what we know, food is a driver of inflation.

    In addition, there were 3 times as many workers at the federal minimum wage in 2014 than today, so not only do you have higher food cost, you have higher labor cost.

  9. Really looks like it skyrocketed when Mr Biden took office. They didn’t tell us that. They said it was transitory. This can’t be right.

  10. I would have thought $SBUX was higher than 100%. Still cheaper than most place in the last 10 years.

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