Current:Home > ScamsChipotle menu prices are going up again, marking the 4th increase in 2 years -TradeWisdom
Chipotle menu prices are going up again, marking the 4th increase in 2 years
View
Date:2025-04-12 05:57:29
Your favorite Tex-Mex fast casual spot may no longer be much of a bargain compared to a sit-down restaurant meal.
Chipotle confirmed to USA TODAY that consumers will soon see a hike in menu prices, the fourth such increase in just two years. Laurie Schalow, Chipotle’s chief corporate affairs officer, attributed the change to the state of the economy, citing inflation as the culprit.
“For the first time in over a year, we will be taking a modest price increase to offset inflation,” she said in an email statement. Chipotle declined to comment further or clarify what or when menu items will be impacted.
The chain's last price increase came in August 2022 when some customers began paying $1 or more additional for the same menu items as before. Before this, Chipotle increased prices about 3.5 to 4% in June of 2021, citing a raise in employee wages, and then again in the first quarter of 2022, also around 4%.
Thirty days of tacos deal:Taco Bell's Lover's Pass offers 30 back to back days of free tacos for just $10
Protect your assets: Best high-yield savings accounts of 2023
Chipotle still going strong despite rising prices
Despite apparently rising costs, Chipotle's 2023 second quarter report saw a 13.6% increase in revenue year over year, bringing the overall number to $2.5 billion. The eatery also opened 47 new restaurants with 40 locations including a Chipotlane drive thru. The ongoing success and rising profits indicate that, at least up to this point, customers are not significantly deturbed by the frequent price revisions.
While inflation is finally moving in a better direction, consumer prices this month still rose overall 3.7% from earlier years after hitting a 40-year high of 9.1% in June 2022.
Faced with the reality of everything costing more, it may be that Tex-Mex fans are willing to pay a little extra for the luxury of a burrito with some queso and guac on the side for the time being.
Nostalgia for '80s, '90s McDonalds fans:McDonald's is bringing back its Boo Buckets for Halloween
veryGood! (9169)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- Love Is Blind Season 6 Reunion Is Here: Find Out Where the Couples Stand Now
- Chrissy Teigen Shows Off Her Boob Lift Scars in Sexy See-Through Dress
- Horoscopes Today, March 13, 2024
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Christie Brinkley Shares Skin Cancer Diagnosis
- Connecticut officer arrested and suspended after video shows him punching motorist through car window while off duty
- Michigan woman’s handpicked numbers win $1M on Powerball. She found out on Facebook.
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Federal courts move to restrict ‘judge shopping,’ which got attention after abortion medication case
Ranking
- Trump's 'stop
- National Pi Day 2024: Get a deal whether you prefer apple, cherry or pizza pie
- TikTok told users to contact their representatives. Lawmakers say what happened next shows why an ownership restructure is necessary.
- Former Mormon bishop highlighted in AP investigation arrested on felony child sex abuse charges
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Viral bald eagle parents' eggs unlikely to hatch – even as they continue taking turns keeping them warm
- Going abroad? Time to check if you're up to date on measles immunity, CDC says
- Dodge drops the Challenger, flexes new 2024 Charger Daytona EV
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Where Love Is Blind’s Jimmy and Jessica Really Stand After His Breakup With Chelsea
500 pounds of pure snake: Massive python nest snagged in Southwest Florida
Viral bald eagle parents' eggs unlikely to hatch – even as they continue taking turns keeping them warm
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
SZA Reveals Why She Needed to Remove Her Breast Implants
How Khloe Kardashian Is Celebrating Ex Tristan Thompson's Birthday
Judge dismisses suit by Georgia slave descendants over technical errors. Lawyers vow to try again