BELOW SUPERNAV drop zone ⇩

Fast food prices up at least 7%

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Testing widget old system

Lorenzo shared

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

(NewsNation) — Rising prices have now hit the fast food industry. Fast food menu prices are up more than 7% between March 2021 and March 2022, according to the National Restaurant Association.

The hike is the largest 12-month increase since 1981. Experts attribute the increased menu prices to higher input costs – particularly food and labor. 

According to the Big Mac Index, the price of the popular McDonald’s burger rose 7% last year. In the past 10 years, the price of the Big Mac jumped 40%.

Studies show the most expensive places to buy a Big Mac are in cities that have a higher minimum wage. For example, the minimum wage in Austin, Texas is $7.25 and the cost of the burger is about $3.75 there. In San Francisco where minimum wage is $16 and the burger costs $5.79. The highest price for the famed burger is in Seattle at about $6.39, where the minimum wage is just over $17.

Experts say the Big Mac price hikes are outpacing inflation and the cost of living in some areas.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Cloudy

la

66°F Cloudy Feels like 66°
Wind
1 mph E
Humidity
76%
Sunrise
Sunset

Tonight

Partly cloudy skies this evening will become overcast overnight. Low 61F. Winds light and variable.
61°F Partly cloudy skies this evening will become overcast overnight. Low 61F. Winds light and variable.
Wind
6 mph W
Precip
8%
Sunset
Moon Phase
Waning Gibbous