It is going to cost you more to get a burrito or any other dish at Chipotle, and it won’t just be the upcharge for guacamole.
The fast food restaurant announced that it is going to roll out a “modest price increase to offset inflation,” CNBC reported.
The company didn’t say how much prices will go up or which items will be more expensive, CBS News reported. It also didn’t say when the higher prices will be rolled out.
Inflation has slowed after a peak last June, but prices for goods and services are still increasing at a slower rate.
The recently announced hike is the fourth in two years, CBS News reported
CNBC reported that Chipotle raised prices in June 2021, then twice in 2022.
Still, the higher cost of Chipotle hasn’t fully kept customers away. CBS News reported that the company’s net sales went up 13.6% in the second quarter this year compared to last year at the same time.
