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McDonald's forecasts higher food prices

kabc
By ABC7
Friday, April 22, 2011
LOS ANGELES

McDonald's stock fell 1.5 percent after it made the announcement on Thursday.

The company now expects food costs to rise between 4 and 4.5 percent in the /*United States*/ and /*Europe*/ this year.

Meanwhile, analysts said high gas prices could force fast-food restaurant patrons to cut back.

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