Chipotle says it’s raising prices 2% in response to inflation
In a rare frank admission of the effects that the economy's continuous price hikes are having on its finances, Chipotle announced that it is increasing its menu pricing by 2%.
We have implemented a small nationwide pricing increase of about 2% to combat inflation for the first time in more than a year," Chipotle's chief corporate relations officer Laurie Schalow stated in a statement that NBC News was able to receive.
The statement was made in part in reaction to an analyst analysis by the financial organization Truist Securities, which noted that 20% of the Chipotle outlets examined saw a 2% increase.
Following the departure of CEO Brian Niccol, who was snatched by Starbucks in August, Chipotle is going through a transitional phase. Following the announcement of Niccol's resignation, Chip...