While we keep letting the government tell us that inflation is at 3%, back out in the real world price hikes are staggeringly higher.
Just take one look at Chick-fil-A, for example: the popular fast food chain has hiked its prices a whopping 21% over the last two years, according to a new report from the NY Post.
In 2022, the chain first raised prices by 15%, the report says. In January 2023, the company then implemented a menu-wide 6% hike in prices, resulting in the average price of its chicken sandwich – which was under $5 in 2021 – to now cost $5.79.
The report notes that in high cost of living areas, like New York City, the same sandwich is going to run customers $6.99. An 8 piece nuggets, which would cost $5.99 elsewhere and which were also under $5 in 2021, now cost $7.09.
Continue reading “CPI Reality Check: Chick-Fil-A Has Hiked Prices 21% In Just Two Years”