Chipotle attributes plans to bump up menu prices again to 'state of the economy,' a company spokesperson told Insider.
Chipotle fans take note: indulging in a taco or burrito at the fast-food restaurant could soon put a bigger dent in your wallet. That's because the Tex-Mex chain plans to bump up menu prices, the company confirmed to Insider Tuesday, marking its fourth price hike in two years. Chipotle is attributing the move to 'the state of the economy,' the publication reported.
In August 2022, Chipotle raised the prices of its entrees by more than $1 for some customers. That increase followed a previous increase earlier that same year. Before that, the company had also bumped up its prices in June 2021, a move it attributed to a hike in hourly wages for employees to $15 an hour. Chipotle hiked its prices again in December 2021 by 4%, bringing the cost of menu offerings that year up 10% higher than they were in 2020.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pasadena home invasion shooting: New photos of 4th suspect, vehiclePolice say new surveillance photos show a fourth unidentified suspect and a vehicle connected to a deadly home invasion in Pasadena that left a traveling professor dead last week.
Read more »
At least 11 Americans killed as conflict between Hamas, Israel stretches into 4th dayPres. Joe Biden confirmed that at least 11 Americans have been killed as part of the ongoing strife between Israel and Hamas agents...
Read more »
Israel strikes downtown Gaza City and mobilizes thousands of reservists as war enters 4th dayIsraeli warplanes pounded downtown Gaza City, home to Hamas' centers of government, with relentless bombardments into early Tuesday, after Israel’s prime…
Read more »
Israeli airstrikes intensify in Gaza as war enters 4th dayIsrael increased airstrikes on the Gaza Strip and sealed it off from food, fuel, and other supplies in retaliation for a bloody incursion by Hamas
Read more »
Aespa Announces New Album 'Drama — The 4th Mini Album'The project will arrive on November 10
Read more »
Insider Reveals Where Arnold Schwarzenegger Stands With His Former Housekeeper Years After Their AffairIn the long list of celebrity scandals over the years, Arnold Schwarzenegger's affair with his housekeeper during his marriage with Maria Shriver is definitely one of the most scandalous. After all, in addition to having an affair, Schwarzenegger and his maid Mildred Baena also welcomed a kid together (now 26-year-old Joseph Baena). Decades after it all went down, however, it seems like the family dynamics still aren't all sunshine and roses. But, to be perfectly honest, we didn't expect it to b
Read more »