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California fast food restaurants raised prices due to minimum wage

According to reports, the California-based fast food restaurant has increased menu prices by up to 8% in response to the $20 per hour minimum wage law that went into effect on April 1st.

Wendy’s increased its menu prices by about 8%, and Chipotle Mexican Grill increased its prices by about 7.5%, according to a report by Kalinowski Equity Research.

Seattle-based coffee chain Starbucks has increased menu prices at its California locations by about 7%, and Taco Bell has increased prices by 3%, according to the report.

Wendy’s is among the fast food chains that have significantly increased menu prices at California locations in recent weeks, according to the report. AP

Burger King has increased menu prices by 2%.

Kalinowski Equity Research compared prices at 25 restaurants across each chain.

We also compared the prices of 25 Burger King stores in the state as of February 15th and April 2nd side by side.

It found that Burger King had increased prices by an average of 1.4% for Whopper meals and 2.1% for BK Royal Crispy Chicken Meals across 25 stores.

The report’s authors found that Chipotle did the same thing, increasing the price of chicken burritos by 8.3% and steak burritos by 7% at 25 California stores between February 7 and April 2. did.

Chipotle, which operates about 500 restaurants in California, raised the median price of its chicken burritos by 6.8% and 5.7%, according to the report.

Taco Bell has raised menu prices at its California locations by an average of 3%, according to analysts. christopher sadowski
Seattle-based coffee chain Starbucks has increased menu prices by about 7% at its California locations. christopher sadowski

A typical chicken burrito at Chipotle in California currently costs $10.25, while the average price for a steak burrito is $12.

This report looked at the price difference between two Starbucks menu items: the Venti Iced Caramel Macchiato and the Venti Café Latte at 20 California stores.

According to the report, between February 9 and April 1, the average price of a Venti Iced Caramel Macchiato increased by 7.2%.

The average price increase for Venti Café Latte was approximately 7%.

From February 7th to April 2nd, Chipotle increased the price of chicken burritos by 8.3% and steak burritos by 7% at 25 California stores. Reuters
A new minimum wage law affecting fast food workers has been slammed by business advocates who say it will lead to layoffs and higher prices. Getty Images

Wendy’s also implemented significant price increases on staple menu items such as Dave’s Combo and Classic Chicken Sandwich Combo.

Comparing prices at 25 Wendy’s stores in California between February 12th and April 2nd, the company increased the prices of both products by an average of 8%.

According to the report, McDonald’s appears to be the only fast food chain that has largely foregone menu price increases.

A side-by-side comparison of prices at 25 California McDonald’s stores from February 8 to April 3 found that the average price of a McCrispie meal increased by just 0.7%, while the average price change for a Big Mac meal actually It fell by 0.7%. 0.1%.

The Post has reached out to McDonald’s, Wendy’s, Burger King, Starbucks, Chipotle and Taco Bell for comment.

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