McDonald's quietly published new price quotes at its outlets starting Feb. 23, involving rises of between 5% and 10%, or 0.5 yuan to 1.5 yuan, for almost all products: burgers, soft drinks, French fries. This followed three separate price increases last year. The move brings McDonald’s closer to its competition--many Chinese restaurants have reportedly been hiking prices to make up for the soaring cost of staple foods, from pork to eggs to cooking oil.
McDonald's Quietly Raises Prices In China
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