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Fast Food
While food prices should be expected to rise over time with the natural progression of inflation, you might be surprised by how cheap some of your favorite fast food items were in the past. If you were around in the 1950s and ’60s, for example, you could probably feed your family of four for less than $2 at McDonald’s or Burger King!
Read: 4 Super-Secret Menu Recipes to Help You Save Money on Fast Food
Fast food brands like these are subject to price increases over time, but it can be difficult to predict how much prices will rise by looking at inflation. There is a myriad of factors that impact the prices of your favorite fast food items, including employees’ wages.
According to a 2014 report from The Heritage Foundation, if fast food restaurants were to raise the minimum wage for workers to $15 an hour, the restaurants’ total costs would increase by about 15 percent. What does this mean for menu prices? Prices would have to increase by approximately 15 percent as well. The price increase doesn’t stop there, though; if sales decrease by 14 percent, the average fast food joint would likely have to raise its prices by a whopping 38 percent.
So although the cost of fast food has increased since you, your parents or your grandparents were kids, you should enjoy the current, relatively low prices while you can. From Wendy’s to Starbucks — and cheeseburgers to coffee — take a look at how much classic burgers, fries, drinks and other items have increased in price throughout the years.
1. McDonald’s Big Mac
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McDonald’s Big Mac
Photo credit: McDonald’s
Perhaps one of McDonald’s most iconic menu items, the Big Mac has experienced a drastic price change over the years. From 1968 to January 2015, the price of a Big Mac jumped from around $0.49 to $4.79, according to Desert News and The Economist.
2. McDonald’s Cheeseburger
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McDonald’s Cheeseburger
Photo credit: McDonald’s
The Big Mac is not the only price spike you can find in the McDonald’s burger family. In 1955, a McDonald’s cheeseburger was only $0.19. Today, it costs $1, and a double cheeseburger is $1.59.
3. McDonald’s Fries
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McDonald’s Fries
Photo credit: MaraZe / Shutterstock.com
Say what you will about McDonald’s other menu items, but it’s hard to complain about its fries — which are arguably priceless. In the 1950s, fries were only $0.10, as seen in this photo from The Huffington Post. Nowadays, fries range from $1.29 to $1.79.
4. Burger King’s Whopper
Burger King’s Whooper
Photo credit: Mike Mozart / Flickr
Another popular burger fast food joint, Burger King’s famous Whopper is much more expensive now than it was in the 1950s. In 1957, a Whopper cost only $0.37 — today that price is $3.99.
5. Burger King Double Whopper
Burger King Double Whopper
Photo credit: Alpha / Flickr
Like the Whopper, Burger King has seen the price of the Double Whopper rise from $2.99 in 2002, reports Delish.com, all the way to its current price at $5.09. So for an extra patty on your bun, expect to pay an additional $1.10.
6. Wendy’s Single
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Wendy’s Dave’s Hot ‘n Juicy Single
Photo credit: Facebook.com/Wendys
Over the last 13 years, Wendy’s single nearly doubled in price. According to Delish.com, the sandwich cost only $2.25 in 2002, and the Dave’s Hot ‘n Juicy 1/4 lb. Single with Cheese now runs at $4.19.
7. Wendy’s Frosty
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Wendy’s Frosty
Photo credit: Facebook.com/Wendys
Wendy’s Frosty has seen a relatively stable price for some time. In 1969, this dessert cost just $0.35. Now, a small Classic Frosty costs $0.99.
8. In-N-Out’s Cheeseburger
In-N-Out Cheeseburger
Photo credit: punctuated / Flickr
National burger chains aren’t the only fast food restaurants that have raised their prices. In 1948, an In-N-Out cheeseburger cost only $0.30, according to the San Gabriel Valley Tribune. But by 2015, the price had increased to $2.35.
9. KFC’s Family Bucket
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KFC Family Meal
Photo credit: Facebook.com/KFC
Back in the day, you could feed your family with KFC’s Family Bucket — which included 15 pieces of chicken and six hot rolls — for only $4.90. Today, the family meals range from $13.49 to $42.99.
10. Pizza Hut’s Large Cheese Pizza
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Pizza Hut Cheese Pizza
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At Pizza Hut, a large mozzarella cheese pizza cost only $1.50 in 1958, according to this photo of the original menu. Currently, the only thing you can buy at the pizza joint for around that price is maybe a bottle of water or an extra side of jalapeños. A large hand-tossed cheese pizza now costs $10.49.
11. Taco Bell’s Bean Burrito
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Taco Bell
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Here’s another fast food item that nearly doubled in price over the years. Delish.com reports Taco Bell’s bean burrito was only $0.69 in 2002, but the price increased to $1.19 in 2013. Today, a bean burrito will set you back $1.29.
12. Starbucks’ Tall Coffee
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Starbucks Coffee
Photo credit: weedezign / Shutterstock.com
Starbucks has been able to increase prices even as other players jump into the premium coffee business. In 1994, a tall Starbucks coffee cost $1.25, but by 2013 that price had risen to $1.96, reports Bloomberg Business. In 2015, a tall freshly brewed coffee is around $1.75. The latest price hike for Starbucks’ products was announced in summer 2014, but don’t be surprised if you see future increases.
*Current prices sourced from fastfoodmenuitems.com.
This article originally appeared on GOBankingRates.com: McDonald’s Big Macs to Wendy’s Frostys: Price Rise of 12 Iconic Menu Items
This article by Douglas Ehrman first appeared on GoBankingRates.com and was distributed by the Personal Finance Syndication Network.
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