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McDonald's to raise prices in 2011

from WalletPop

McDonald's Corp. plans to raise prices in 2011 in anticipation of higher commodity costs and a hope that an improving economy will mean diners returning to fast-food restaurants instead of cooking at home. The company projects that commodity costs will rise 2-3 percent in 2011, Chief Financial Officer Peter Bensen said recently. Potato prices have already risen, and everything from beef to bacon futures are expected to hit some of the highest levels in several years, Mansfield said. more

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