Chipotle Just Raised Its Prices Again to 'Offset Inflation'
Extra Meat, Extra Cheese, Extra Inflation
There are few restaurants of any variety as beloved as Chipotle in this country, and value is a big reason for a lot of people. That might be changing soon, since Chipotle just announced it will be raising its prices once again.
How Much Is Chipotle Raising Prices?
All across America, everything at Chipotle is going to cost 2% more now. Burritos, tacos, quesadillas, the whole shebang.
Why Is Chipotle Raising Its Prices?
As is often the case these days, inflation is pointed to as the culprit here. The sad reality is that most restaurants are still probably too cheap to comfortably stay in business, despite how much prices need to go up. “For the first time in over a year,” said Laurie Schalow, Chipotle's chief corporate affairs officer, “We have taken a modest price increase of approximately 2% nationally to offset inflation."
It should be noted that most major fast-food chains, Chipotle included, have raised their prices over the past decade at nearly double the rate of inflation, according to FinanceBuzz.
Has Chipotle Raised Its Prices in the Past?
The place does this all the time. In fact, this is the fifth time in three years. Won’t be the last time this happens, either.
How Much Did Food Cost at Chipotle When It First Opened?
Under $6? Wow. Take us back to those days, please.
Are Other Chain Restaurants Raising Prices?
With Chipotle missing its revenue forecasts, it’s not surprising to see other chains doing the same thing. McDonald’s, Popeyes, and more have all raised their prices this year, too.
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This article was originally published on Cheapism
