> “To give a flavor, the official inflation rate since Covid has been around 21%. But fast food menu prices -- a go-to indicator for Foreign exchange investors -- are up between 35% and 50%.”
Seems like yet another blog post based on anecdotes instead of actual data.
Bloomberg just published an article featuring its own industry anecdata about how fast-food prices are now going down:
“Executives at fast food companies are now prioritizing volume in their strategies, experimenting with lower prices and new value bundles to see what boosts growth the most. This isn’t a sign that prices overall are headed back to pre-pandemic levels, but we should get a long period of stability as competition for diners and market share once again becomes the measure of success for companies, rather than the rapid price increases of the past few years.”
