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McDonald's to raise prices again

McDonald's to raise prices again
Sunday, October 23, 2011 - 5:05pm

Fast food giant McDonald's may be pushing up its prices.

The world's largest hamburger chain says it may consider raising prices for a third time this year because of increasing costs.

McDonald's cited the rising cost of beef and higher labor costs as the major factors driving the decision.

The restaurant has already raised menu prices by an average of one percent in March and another 1.4 percent in May.

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