McDonald’s Raises Prices in China on Higher Costs

McDonald’s Corp. (MCD) raised the prices of some of the items on its menu in Chinese stores because of higher costs.

The increase “is because of higher raw material prices and we’ve adjusted our prices accordingly,” Sophia Luan, spokeswoman for McDonald’s China, told Dow Jones Newswires.

McDonald’s raised the price of items including chicken McNuggets and pies by as much as CNY1 (15 cents) each….

Continue reading McDonald’s Raises Prices in China on Higher Costs

McDonald’s Raises Prices in China on Higher Costs originally appeared on DailyFinance on Wed, 17 Nov 2010 07:08:00.

Filed Under: Company News, McDonald’s, Retail