“And of course, we expect pricing to come down kind of in line with how inflation is coming down.”

In context

“that you expect price to be a little bit more normalized than what we've seen in the last few years? Thanks. Ian Borden: Good morning Eric, it's Ian. So let me talk a little bit about pricing. And obviously, this is specific to the U.S., because obviously, pricing varies across markets, depending on the context in the individual marketplace. I think as I talked about last quarter, certainly continue to believe that our average pricing level in the U.S. business for the full year will be just over 10%. I think what we did see in quarter three, and this is the first time now in a number of quarters, is that our average pricing level has started to come down in terms of the rate of increase. I think that speaks to the fact, as we've spoken to before, that inflation is starting to come down. And of course, we expect pricing to come down kind of in line with how inflation is coming down. I think as we've talked about before, our U.S. business has been really disciplined in how they have continued to take pricing. We've put a lot of effort in over the last couple of years to, I think, the data and analytical capability that comes from our third-party advisers, who obviously make pricing recommendations to our business, including our franchisees, who obviously make their own pricing decisions. And I think the fact that we continue to maintain that leadership position in both value for money and affordability speaks to the fact that even though we've obviously had elevated pricing levels on the back of elevated cost and inflationary pressures, that we have been able to execute that in a way that has minimized, the resistance from the customer and maximize the flow-through th”