TOKYO—Japan’s McDonald’s fast food restaurants will raise prices on about 60 percent of its offerings to customers, fueled by rising input costs and exchange-rate fluctuations, the company said on Monday.
It marks the company’s second set of price increases this year as Japan grapples with inflationary pressures and a slide in the yen to a 24-year-low, making imported ingredients more expensive. The two rounds of hikes this year are the first since 2019.
From this Friday, the cost of the signature Big Mac hamburger will increase to 410 yen ($2.85) from 390 yen, McDonald’s Holding Company Japan Ltd. said in a statement, reflecting increases of 10 to 30 yen on many items….