Wendy's, Arby's raise prices

May 11, 2011 3:20:26 PM PDT
The parent company of Wendy's and Arby's says it needs to raise prices to offset increasing commodity costs including beef, fryer oils and dairy.

Wendy's, which just raised prices in March, says it will work to promote its more profitable items to help offset its own higher costs.

Arby's and Wendy's have not said by how much menu prices are going up.