Fast food chains increased prices by up to 30%

Fast food chains in the UAE have hiked prices by up to 30% over recent months prompting calls for a control mechanism to curb further increases, it was reported on Monday.

According to UAE daily Gulf News fast food prices have risen by an overall average 14% within the past two months.

KFC, Pizza Hut and Hardees all registered an average increase of around 10% over the last month, while Burger King increased prices between 15-30%.

A meal with two pieces of chicken at Southern Fried Chicken increased by an average of 18% over six months from 9 to 12 dirhams, the newspaper found.

McDonald’s did not raise prices during the same period, but was considering its options in the face of global price increases managing director Rafik Fakeh told Gulf News.

Emirati Ahmad Abdullah told the newspaper “There must be a mechanism to ensure the price rise is in accordance with the rise in cost. Otherwise businesses will cash in on general inflation to make unreasonable profits.” Source