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Rising prices may prompt shifts at McDonald's, dollar stores

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Rising prices may prompt shifts at McDonald's, dollar stores



By clarkhoward.com


Monday, August 11, 2008

The rise in food prices is affecting everyone from consumers to business owners. In the latest twist, McDonald's is contemplating changing the double cheeseburger to a double hamburger with a single slice of cheese because the cost of cheese has skyrocketed!

Dollar stores are feeling pinched too. The 99¢ only chain doesn't know what to do as their margins get squeezed. Will they have to become the $1.29 store or the $1.99 store?

Clark recently bought orange juice for his kids and didn't notice the container went from 64 ozs. to 56 ozs. The packaging hadn't really changed, so it was more of a hidden price increase. Everywhere we turn -- whether we're business owners or consumers -- we all have to cut corners. Christa's favorite fish sandwich now only has a half-slice of cheese.

The takeaway is that you have to work overtime to be a better shopper in this new economic climate.

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