"McDonald’s and Chipotle say customers are trading down, visiting less often as inflation hits budgets"
"On average, restaurant menu prices rose 7% in the three months ended
May compared with the year-ago period, according to the NPD Group.
During the same period, consumers from households with income under
$75,000 cut their fast-food visits by 6%, the market research firm said."
https://www.cnbc.com/2022/07/27/mcdonalds-and-chipotle-say-customers-are-trading-down-visiting-less-often-as-inflation-hits-budgets.html
OH MY GOODNESS! 6%! The next thing you know people will be
eating breakfast at home and carrying a lunch box. Remember those
days? The suffering was just awful.
It's been a long time since I considered fast food inexpensive.
TB
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