McDonalds McRaising the Prices in China- Pay More for Your Obesity

China is trying to combat inflationary pressures but is having little luck. McDonalds, in order to recoup ‘increasing costs’ is raising prices on all items from .5 to 1 yuan (RMB), or about .08-.16 U$ per item in China. excerpt: “McDonald’s Corp has raised menu prices in the Chinese mainland by 0.5 yuan to 1 yuan per item with immediate effect because of rising materials costs as the country grapples with accelerating food prices increases. McDonald’s, which has more than 1,000 outlets in China, was raising prices for the first time this year, while Yum! Brands, parent of KFC and Pizza Hut chains, had so far kept prices unchanged, the official Xinhua News Agency said.