McDonald’s raises price of 99p cheeseburger for first time in 14 years

McDonald’s restaurants in the UK are raising the price of their signature 99p cheeseburger for the first time in more than a decade, as the fast-food chain becomes the latest company to pass on surging inflation to customers.

The 99p cheeseburger will now be sold for £1.19 following the first price rise on the product in 14 years, the US group said on Wednesday.

McDonald’s will also increase the price of other products — such as…