There's no escaping rising inflation - signs of it are everywhere. The latest sign could be in your meal at a fast-food outlet.
McDonald's, the world's largest fast food chain, yesterday raised its prices in China, for the second time this year, following measures to increase prices in January.
The US group is not alone in its decision. Many Western food chains are now increasing prices on their menus in China.
Its major competitor, KFC, adjusted the prices of some of its products in March. And Pizza Hut, a pizza chain under the Yum! Brands Inc, which is also the parent company of KFC in China, raised the price of its pizza and salad this month.
The groups give similar reasons for raising prices.
They say it is the high price of raw materials, food, labor cost, and the recent skyrocketing oil price, that lead to the move.
