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End of the 99p cheeseburger as fast food chain warns we're living through incredibly challenging times'

Fast food chain McDonald's is hiking its prices, including the first rise in the cost of a cheeseburger in 14 years.

The company told customers this morning that its popular cheeseburger will now rise from 99p to 1.19, as the company passes on rising costs.

We know things are tough right now. We're living through incredibly challenging times and we're all seeing the cost of everyday items, such as food and energy, increase in a way many of us have never experienced.

This summer, our restaurants will be adding between 10p and 20p to a number of the menu items impacted most by inflation. From today, we'll be increasing the price of our cheeseburger for the first time in over 14 years, taking it from 99p to 1.19.

Some prices remain unaffected, and some will continue to vary across our restaurants. We understand that any price increases are not good news, but we have delayed and minimised these changes for as long as we could.