TOKYO (Reuters) – Japanese fast food company McDonald’s said on Monday fast food restaurants in Japan will raise prices of about 60 percent of offers to customers, driven by higher input costs and exchange rate fluctuations.
The cost of a Big Mac hamburger will rise to 410 yen ($2.85) from 390 yen, McDonald’s said in a statement, reflecting increases of 10 to 30 yen on several items.
The Big Mac costs $5.15 in the United States, according to The Economist’s Worldwide Price Index.
Rising production costs and the yen’s slide to a 24-year low have boosted prices by 60% at major Japanese restaurants, according to a survey released by Tokyo Shoko Research this month.
Separately, Mister Donut stores in Japan will raise prices for most goods by about 7.4% as of November 25, parent Duskin Co. said.
(dollar = 143.8000 yen)