McDonald's Japan Raises Prices On 80% Of Menu Items

McDonald's Japan will raise the prices of some 80% of items on its menu from Jan. 16 to cover soaring expenses including material costs, the company announced, Kohei Misawa reported for Mainichi Shimbun.

Photo Insert: The fastfood chain said the price hike is due to soaring material costs, rising labor, logistics, and energy expenses, and rapid fluctuations in currency exchange, among other factors.

The fastfood chain said the price hike is due to soaring material costs, rising labor, logistics, and energy expenses, and rapid fluctuations in currency exchange, among other factors.

Last year, McDonald's Japan raised prices of about 20% of items in March, and roughly 60% of products in September.

In the latest price hike, a Hamburger will be priced at 170 yen (approximately $1.30) -- up from 150 yen, a Cheeseburger will retail for 200 yen (about $1.50) -- up from 180 yen -- and the price of a 15-piece box of Chicken McNuggets will be raised to 710 yen (roughly $5.40) from 590 yen.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic