As McDonald's Prices Rise, Some Customers Go Elsewhere

McDonald's is facing a challenge, as factors like food costs push up the prices on some if its items. McDonald's says its prices are up 3 percent over last year, and some customers are turning to chains like IHOP, Denny's and Chili's instead.

Michael Regan of Bloomberg News and Here & Now's Jeremy Hobson discuss the price increases the impact on the fast food industry.