Consumer
Warren Asks McDonald’s CEO to Explain Chain’s Price Hikes
- Senators say chain’s prices have outsized impact on consumers
- Company responds, saying letter contains ‘inaccuracies’
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Lawmakers including Senator Elizabeth Warren are asking McDonald’s Corp. to explain how it decides what to charge, arguing that the burger chain’s price hikes have outpaced inflation.
“While McDonald’s is not the only fast food restaurant that has increased prices significantly in recent years, its dominant market position as the largest fast food chain in the United States has an outsize impact on American consumers,” Warren along with Senators Bob Casey and Ron Wyden, wrote in a letter to the chain’s CEO, Chris Kempczinski.