• Hedgeye Investing Summit: A Special HedgeyeTV Webcast Event

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications. Watch the free replay.

Speaking to the press in Japan, Eiko Harada Chairman and President of McDonald's Co. (Japan), said "rising food prices will force McDonald’s to raise prices for the second time this year. We'd like to implement it (the price hike) as soon as possible"

According to Mainichi Daily news, McDonald’s will rise by less than 5%, as the cost of purchasing meat, bread, potatoes and other ingredients is expected to increase by about 10 billion yen during fiscal 2008.