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CHIPOTLE customers will be forced to dish out more money for the chain’s beloved burrito bowls and Mexican offerings.
The fast food chain has announced it is raising the price of its menu items nationwide to counter increased input costs.
On Wednesday, Chipotle shared it was forced to increase menu prices by around 2% due to higher operational costs.
This marks the first price increase since October 2023.
The decision comes as inflation has taken a toll on both restaurants and consumers.
For example, staple ingredients on Chipotle’s menu including dairy, beef, and avocados, have risen in price this year and taken a hit to the chain’s profit margins.
Inflation has been especially high for avocados, which cost around 19% more than they did this time last year.
Beef prices have also risen 1.9% from last year, per the Consumer Price Index.
These struggles are amplified by the drop in consumer spending that has customers opting to eat at home instead of dining out.
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