Andy Puzder, former CEO of CKE Restaurants, takes an industry look at how fast food companies are trying to keep up with inflation and criticizes President Biden's tax policy.
According to a recent study of American consumers fast food Prices, a hamburger chain came out on top for having the most expensive menu. The study comes as Americans say they are feeling more inflation and price rises than ever before.
A study by Preply found Shake Shack to be the most expensive restaurant chain, followed by Five Guys and Sugar Factory.
In March, Shake Shack raised its prices by 3 percent.
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Shake Shack is an American fast casual restaurant that serves a variety of burgers, hot dogs, fries, chicken nuggets, sandwiches, soft serve, and more. (iStock)
FOX Business has reached out to Shake Shack and Five Guys for comment.
To make the decision, language researchers analyzed 57,245 reviews for more than 10,000 restaurants in 50 cities across the country.
To determine the overpriced score, the authors looked for keywords such as “expensive” or “rip-off” in each city's restaurant reviews, and the number of times They analyzed their use. by sponsors.
According to the study, the cities with the most expensive restaurants were Oakland and San Jose, California, and Virginia Beach, Virginia.
“Given that three of the top five cities are located in California, this highlights how California's high restaurant prices match the state's skyrocketing cost of living,” the study said. “In addition to higher prices in general, Californians are known for prioritizing high-quality ingredients that cost more.
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McDonald's USA President Joe Erlinger appeared on the “Today” show to discuss fast food price hikes. (Jakub Porzycki/NurPhoto via Getty Images | Screenshot NBC/Fox News)
“Unfortunately, some restaurants miss the mark. They create inflated menu prices that don't match what might be considered reasonable for the quality and quantity of food served.”
New York City topped the list of municipalities with the least expensive restaurants.
This study is done as many restaurants and fast food chains have done Increased prices. In May, McDonald's US President Joe Erlinger defended the increases, denying reports that the increases were significant.
Shake Shack's new Avocado Bacon Burger and Avocado Chicken Bacon. Both come with sliced avocado and smoked bacon fries. (Shake Shack / Fox News)
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“Recently we've seen viral social posts and poorly sourced reports suggesting that McDonald's has raised prices significantly above inflation rates,” he said. “The average price of a Big Mac in the United States in 2019 was $4.39. Despite a global pandemic and historic increases in supply chain costs, wages and other inflationary pressures in subsequent years, the average cost is now $5.29 This is an increase of 21% (not 100%).