McDonald's to raise prices in 2011

McDonald's Corp. plans to raise prices in 2011 in anticipation of higher commodity costs and a hope that an improving economy will mean diners returning to fast-food restaurants instead of cooking at home.

The company projects that commodity costs will rise 2-3% in 2011, Chief Financial Officer Peter Bensen said last week in a conference call and quoted by Chicago Breaking Business. "We'll actively look at the opportunities and with some optimism, the economy will get stronger next year and we'll get price increases," Bensen said.