Austin BPI$10.51▼ -4.5%│Austin Low$5.15│Austin High$19.00│Boston BPI$15.20▼ -7.7%│Boston Low$5.99│Boston High$24.00│Chicago BPI$13.28▼ -1.5%│Chicago Low$5.89│Chicago High$27.00│Los Angeles BPI$16.22▲ +3.6%│Los Angeles Low$5.40│Los Angeles High$29.00│Nashville BPI$11.31▲ +0.6%│Nashville Low$5.49│Nashville High$19.00│New Orleans BPI$13.44▲ +7.1%│New Orleans Low$5.89│New Orleans High$21.00│New York BPI$21.32▲ +8.8%│New York Low$6.39│New York High$38.00│Portland BPI$13.30▲ +23.5%│Portland Low$5.89│Portland High$24.00│San Francisco BPI$16.77▲ +0.8%│San Francisco Low$5.95│San Francisco High$24.00│Seattle BPI$16.11▲ +9.7%│Seattle Low$5.70│Seattle High$26.00│Austin BPI$10.51▼ -4.5%│Austin Low$5.15│Austin High$19.00│Boston BPI$15.20▼ -7.7%│Boston Low$5.99│Boston High$24.00│Chicago BPI$13.28▼ -1.5%│Chicago Low$5.89│Chicago High$27.00│Los Angeles BPI$16.22▲ +3.6%│Los Angeles Low$5.40│Los Angeles High$29.00│Nashville BPI$11.31▲ +0.6%│Nashville Low$5.49│Nashville High$19.00│New Orleans BPI$13.44▲ +7.1%│New Orleans Low$5.89│New Orleans High$21.00│New York BPI$21.32▲ +8.8%│New York Low$6.39│New York High$38.00│Portland BPI$13.30▲ +23.5%│Portland Low$5.89│Portland High$24.00│San Francisco BPI$16.77▲ +0.8%│San Francisco Low$5.95│San Francisco High$24.00│Seattle BPI$16.11▲ +9.7%│Seattle Low$5.70│Seattle High$26.00│Austin BPI$10.51▼ -4.5%│Austin Low$5.15│Austin High$19.00│Boston BPI$15.20▼ -7.7%│Boston Low$5.99│Boston High$24.00│Chicago BPI$13.28▼ -1.5%│Chicago Low$5.89│Chicago High$27.00│Los Angeles BPI$16.22▲ +3.6%│Los Angeles Low$5.40│Los Angeles High$29.00│Nashville BPI$11.31▲ +0.6%│Nashville Low$5.49│Nashville High$19.00│New Orleans BPI$13.44▲ +7.1%│New Orleans Low$5.89│New Orleans High$21.00│New York BPI$21.32▲ +8.8%│New York Low$6.39│New York High$38.00│Portland BPI$13.30▲ +23.5%│Portland Low$5.89│Portland High$24.00│San Francisco BPI$16.77▲ +0.8%│San Francisco Low$5.95│San Francisco High$24.00│Seattle BPI$16.11▲ +9.7%│Seattle Low$5.70│Seattle High$26.00│
🍔

BURGER PRICE INDEX

Est. 2026 · 10 US Cities · Week of Nov 9

BPI Terminal — Weekly Edition
Monday, August 17, 2026 · Vol. I · burgerprice.com

Burger Market Sees Volatility: West Coast Rallies as East Coast Corrects

🏆

BOARD SHAKEUP

vs the prior available print · week of Aug 10

▲ Biggest climber: Seattle, up 6 spots to #4 (from #10). ▼ Biggest slide: Chicago, down 5 spots to #9 (from #4). 1 of 10 cities held their spot.

📊

MARKET OVERVIEW

The National Average BPI experienced a notable correction this week, closing at $15.25, down from previous levels. This broad market weakness was largely driven by significant pullbacks in major metropolitan areas on the East Coast and Midwest. New York's BPI saw a sharp decline of 6.7%, while Boston and Chicago registered substantial losses of 9.3% and 14.4% respectively. This suggests a potential sector rotation away from established premium burger markets towards growth regions on the West Coast.

📈

THE TAPE

▲ 24.7%San Francisco, CA
San Francisco's burger index rallied significantly, breaking through previous resistance levels and indicating strong bullish momentum in the region.
BASKET MIXsame-store +2.4% (5/9 spots priced both weeks)
▲ 24.5%Seattle, WA
Seattle displayed impressive gains, mirroring San Francisco's upward trajectory and suggesting a robust expansionary phase for its burger market.
BASKET MIXsame-store -1.5% (8/10 spots priced both weeks)
▲ 18.5%Nashville, TN
Nashville's market continued its ascent, demonstrating sustained investor confidence and strong demand for its mid-tier burger offerings.
BASKET MIXsame-store +7.4% (6/13 spots priced both weeks)
▼ 14.4%Chicago, IL
Chicago's burger index experienced a sharp correction, falling below key support levels and signaling potential downside risk for the immediate future.
BASKET MIXsame-store -7.3% (7/9 spots priced both weeks)
▼ 11.2%Los Angeles, CA
Los Angeles saw significant price depreciation, breaking its prior trading range and indicating bearish sentiment among consumers and investors.
BASKET MIXsame-store -3.0% (6/11 spots priced both weeks)

🧾 Same-store footnote: 5 of 5 tape moves this week are mostly basket mix (a 5-pt+ gap between the headline and the restaurants priced both weeks). See the Same-Store Board →

🏙️

CITY SPOTLIGHT: SAN FRANCISCO, CA

San Francisco's burger market has emerged as a clear leader this week, with its BPI surging by an impressive 24.7% to close at $18.75. This performance significantly outpaces the national average and suggests a strong recovery or expansionary phase. The high-end segment, represented by Nopa at $26.00, appears to be driving much of this upward momentum, though even the low-end staple at McDonald's saw a minor uptick. The market's ability to sustain such gains will be closely watched, but current indicators point to strong investor and consumer appetite.

🍔

BURGER OF THE WEEK

Black Label Burger

$38.00
Minetta Tavern · New York, NY

While the price point of $38.00 positions the Black Label Burger firmly in the luxury segment, its consistent premium valuation suggests it is capturing significant alpha. This burger represents a high-quality offering that commands a significant premium, reflecting strong brand equity and perceived value in a discerning market.

📏

THE SPREAD

National Low
$4.75
In-N-Out Burger
Los Angeles
National High
$38.00
Minetta Tavern
New York

The spread between the national cheapest ($4.75) and most expensive ($38.00) burger remains exceptionally wide, highlighting significant disparities in market valuation and consumer purchasing power across regions. This vast delta underscores the bifurcated nature of the burger market, with distinct opportunities in both the value and ultra-premium segments.

🎩

ANALYST'S CORNER: REGIONAL DIVERGENCE AND THE MID-TIER CONUNDRUM

This week's trading data presents a compelling case for regional divergence within the national burger market. The strong performance of West Coast markets like San Francisco and Seattle, coupled with significant pullbacks in traditional strongholds such as Chicago and Los Angeles, suggests a shifting investment landscape. We are observing a potential flight to quality and growth in emerging markets, away from previously overvalued sectors.

BPI WEEKLY · The Burger Price Index · Est. 2026 · View All Editions

SHARE THE PRINT

BPI Weekly — week of Aug 17, 2026: "Burger Market Sees Volatility: West Coast Rallies as East Coast Corrects" Seattle climbed 6 to #4 and Chicago slid 5 to #9. The tape doesn't care about your feelings. Read the print: https://burgerprice.com/newsletter/2026-08-17

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