
McDonald's in Hong Kong increases prices by 2%
The fast food giant cited rising rents and costs of raw materials for the hike.
In an article by South China Morning Post, the restaurant line increased its prices in the city by HK$0.60 to HK$1.50 on menu offerings, which include extra-value breakfasts, extra-value meals, happy meals, and some individual food items and drinks.
Rising operating costs from increased rents and higher ingredient prices prompted the move, according to a statement from the company.