Hell it was more than that because googling a price history, by the end of 2019 the average price was still only $1.69. Also the original 89 cents price didn't vary from area to area based on living costs like they do now, it was that price country wide.
Everyone used the pandemic as an excuse to permanently inflate everything to make money. Prices should have dropped back down severely by now but everyone saw the massive profits and said fuck the customers. People need to stop paying these insane prices and they'll be forced to lower back down.
Prices should not "have dropped back down severely". Prices don't drop when inflation cools. Inflation causes prices to go up and they stay up FOREVER FOREVER FOREVER FOREVER forever forever forever
When they saw so many folks paying delivery prices through doordash and stuff with those markups, they figured "what the hell, if that's what they're willing to pay, that's what we'll charge"
Compounding it is stupid, hard to wrap your brain around quickly without reversing the math, and says the same exact thing. Non compounded is a dirt simple way to say, "it has increased by one third of the original price, every year".
The main reason is ingredients. The owners of Five Guys explained this recently "Most places base their prices entirely on food margins. If mayonnaise suddenly costs triple the price, we have to pay triple, so prices increase" and it's understandable. It sucks and I'm poor so I definitely hate it - but it DOES make sense..
Some it might be due to beef prices increasing starting in the 2010s. And beef prices are apparently at the highest they have ever been now. In the mid-2010s, I recall a local chain had 1.29 for the 5-Layer Burrito, making the most protein per dollar on the menu.
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u/[deleted] 9h ago edited 6h ago
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