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The Wall Street Journal’s Paul Ziobro reports that McDonald’s Corp. is planning to raise menu prices in the U.S. and Europe:
The company expects to increase prices in the U.S. and Europe amid projections that commodity costs will rise between 2% and 3% in 2011, Chief Financial Officer Peter Bensen said Thursday during a conference call after McDonald’s reported a 10% increase in third-quarter earnings and added that October sales appear strong.”
Dr. Duru