Fast-food price hikes reach 'tipping point' as chains try to reset their menus with value deals and combos

"I think pricing has probably hit a tipping point now where a lot of these restaurants are having to reset their menus with these value menus and value deals."

"Consumers are kind of pushing back on spending and are deciding to find cheaper ways to eat."

"Quick service posted its fifth straight quarter of decelerating comp trends, marking a change from prior times of consumer slowdowns."

"Before the pandemic, limited-service restaurants in the US generally put their prices up by less than 3.5% a year."

Read at Business Insider