'Recent actions in this regard from our franchisor include lifting price caps on value menu items and reducing the number of nuggets in meals from 10 pieces to eight.'īOYCOTTS OF RUSSIAN PRODUCTS MAY NOT HAVE HUGE FINANCIAL IMPACT BUT ARE STILL IMPORTANT, EXPERT SAYSĬarrols, which operates 14% of Burger King’s 7,000 locations in the U.S., said its comparable Burger King restaurant sales rose 7.4% during the quarter. It is made of only three ingredients: chicken nuggets, sauce, and mayonnaise. 'The Burger King brand has about a dozen menu and promotional initiatives, some of which have already been implemented and some that will be implemented over the course of this year,' Carrols Restaurant Group CEO Dan Accordino said Thursday on the company's fourth- quarter earnings call. Burger King has developed a new product, the Chicken Nugget Burger.

This story was reported from Los Angeles.Burger King's largest franchisee, Carrols Restaurant Group, revealed that the fast-food giant has reduced the number of chicken nuggets in its meals from eight to ten pieces to 'limit the impact of higher input costs and help improve restaurant-level (iStock) The Associated Press contributed to this report. At the same time, that is still far below the proportion in the 1970s, when more than 90% of goods and services reflected price increases at least that high, the report said. More than three-fifths of all goods and services are now showing price gains of at least 3% a year, the Fed said, nearly double the pre-pandemic level. RELATED: Oil prices jump Ukraine-Russia conflict could push inflation to 10% as invasion beginsĪ Federal Reserve report showed that inflation has spread beyond pandemic-affected industries, such as new and used cars, in which prices have jumped at double-digit annual rates. The Fed’s delicate task - to raise rates enough to restrain inflation, without going so far as to tip the economy into recession - has now become more difficult. Russia’s invasion and the likely resulting rise in inflation have increased pressure on the Federal Reserve, which is expected to raise interest rates by a quarter-point as many as five or six times this year beginning in March. The costs of other commodities that are produced in Ukraine, such as wheat and aluminum, have also increased. Inflation, though, is expected to remain high and perhaps accelerate in the coming months, especially with Russia’s invasion likely disrupting oil and gas exports. Rain Augustine speaks with Economist, Dr. households, especially lower-income families faced with elevated costs for food, fuel and rent. Robust consumer spending has combined with widespread product and worker shortages to create the highest inflation in four decades - a heavy burden for U.S. Explore the latest videos from hashtags: burgerkingchicennugets. RELATED: Russia-Ukraine updates: What to know as Ukrainian troops resist advance on key cities Discover short videos related to how burger king chicken nuggets are made on TikTok. However, Burger King’s public relations team didn’t cite inflation for the nugget change but said it was to allow more resources for the restaurants to roll out the company's latest menu item, 'Ghost Pepper Nuggets.' The company rolled out the spicy option last October.Īn inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. 'As a result, commodity inflation overall was approximately 16% this past quarter compared to the prior year period,' he continued. There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.

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