I’m pretty sure the McDonald’s one is false, which makes me think all of the others are too. This is a bad faith argument. I’m assuming this is going around TikTok and that’s why so many braindead people keep repeating it
Not saying it’s right, but the spacing makes the drastic changes in 19-21 less obvious by spreading them across a wider area. Same with 21-24, just less so.
A consistently spaced graph would probably be more drastic looking.
I’m definitely weary of posts like this with no data backup. Also what is “actual inflation”? Wouldn’t that be like average inflation across all goods? Doesn’t inflation affect certain markets differently?
According to the McDonald’s CEO, the $18 Big Mac (which is where this number comes from) was 1 location, and the average price of a Big Mac is up 21% since 2019 (less than inflation). So I think all of these numbers in your article are cherry picked or just made up
False as in too low? In 2014 both the mcdouble and mcchicken were $1 each. I ate way too many, but I could get 2 sandwiches and a large drink for $3 plus tax. Today the mcdouble is $2.79, the mcchicken is $2.49, and a large drink is $1.69.
I’m pretty sure the McDonald’s one is false, which makes me think all of the others are too. This is a bad faith argument. I’m assuming this is going around TikTok and that’s why so many braindead people keep repeating it
Yeah, look at the x axis labels. 5 years, 2 years, and 3 years. WTF?
Not saying it’s right, but the spacing makes the drastic changes in 19-21 less obvious by spreading them across a wider area. Same with 21-24, just less so.
A consistently spaced graph would probably be more drastic looking.
Regardless of intent/effect, it’s sloppy and does not instill confidence in the data…
Ha, I came here to say that, too.
I’m definitely weary of posts like this with no data backup. Also what is “actual inflation”? Wouldn’t that be like average inflation across all goods? Doesn’t inflation affect certain markets differently?
I’m also tired of posts like this.
I have found the article here: https://financebuzz.com/fast-food-prices-vs-inflation
At work so I can’t read it atm, but I’m interested to hear your conclusion later
I found this article yesterday, from none other than Fox (who I would think would lean into this narrative): https://www.foxbusiness.com/lifestyle/mcdonalds-pushes-back-hefty-price-hikes-including-18-big-mac-meal
According to the McDonald’s CEO, the $18 Big Mac (which is where this number comes from) was 1 location, and the average price of a Big Mac is up 21% since 2019 (less than inflation). So I think all of these numbers in your article are cherry picked or just made up
False as in too low? In 2014 both the mcdouble and mcchicken were $1 each. I ate way too many, but I could get 2 sandwiches and a large drink for $3 plus tax. Today the mcdouble is $2.79, the mcchicken is $2.49, and a large drink is $1.69.