McDonalds raising prices to offest rising costs

January 25, 2011 11:20:11 AM PST
Next time you hit the McDonalds' drive-thru, you could have to pay a little more.

McDonalds' has announced that prices on some food items will be going up in the next few months. The fast food giant says the hike is to offset the rising cost of beef and other ingredients expected to rise by more than two percent this year.

This is McDonalds' first price hike in over a year.