The Taiwan branch of McDonald's Corp., the world's largest chain of hamburger fast food restaurants, announced Friday that it will raise the prices of some 20 food items on its menu, including that of the Big Mac, the following day.
The price for a Big Mac set meal -- consisting of a Big Mac, a soft drink and french fries -- will be increased from the current NT$115 (US$3.84) to NT$119, and that for a Grilled Chicken Burger set meal will be raised from NT$125 to NT$129.
The price adjustments, which will take effect Jan. 14, reflect rising prices of raw materials and fluctuations in the prices of local ingredients, McDonald's Taiwan said.
Though many prices will be increased, those for other products will become cheaper, the company said, including prices for 20McNuggets, which will fall from NT$199 to NT$179, while the pricefor Egg McMuffin will cost NT$5 less.
The item that will face the biggest price hike will be the six-piece Chicken McCrispy Happy Meal, which will be NT$10 more expensive and cost NT$259 after the price adjustment.
According to McDonald's Taiwan, only 8 percent of the 230 products on its menu will be subject to price hikes, which will range from NT$4 to NT$10 per item.
The announcement came after MOS Burger, one of four major fast food chains in Taiwan, raised prices of four of its products byNT$5 each.
KFC and Burger King have both said that they have no plan to raise prices in the near future.
Source from CNA