McDonald’s Corp, the world’s largest restaurant chain, increased prices for its burgers, drinks and snacks in China yesterday to offset costs after the country’s inflation surged to a two-year high.
Product prices were raised between 0.5 yuan and 1 yuan (US$0.08 and US$0.15) because of higher raw material costs, Sophia Luan (欒江紅), China spokeswoman for the Oak Brook, Illinois-based company, said in a telephone interview. She declined to provide an average percentage increase.
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