Friday, April 22, 2011

Inflation warning from McDonald's

McDonald's warns of higher food inflation 
By Lisa Baertlein and Phil Wahba
LOS ANGELES/NEW YORK (Reuters) - McDonald's Corp (NYSE:MCD - News) forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.

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