The largest restaurant chain has spoken, and it is increasing menu prices bit by bit throughout the year to offset rising commodity costs. Facing a new outlook on commodity inflation, which doubles food cost expectations for its U.S. market, McDonald’s said it took a 1-percent menu price increase in March. The company said it would keep taking small, additional menu price increases — at levels below the food-away-from-home inflation rate — to keep margins in check and ...

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