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OAK BROOK, Ill. — McDonald’s Corp. won’t raise prices on hamburgers and French fries as fast as its expenses increase as corn and energy costs soar to records.
“Costs are rising faster than we’ve seen in more than a dozen years,” chief operating officer Ralph Alvarez told reporters. “One of our goals is to stay below the food-away- from-home inflation index” that’s increasing about 4 percent a year.
