Chipotle Mexican Grill plans to raise menu prices for the fourth time in two years. Millennials and Gen-Zers will have a shitfit when they discover additional price hikes.
“For the first time in over a year, we will be taking a modest price increase to offset inflation,” Chipotle Chief Corporate Affairs Officer Laurie Schalow wrote in a statement to CNBC. She did not reveal which menu items would be affected.
Last summer, the burrito chain announced a price hike that increased the most popular entrees on the menu by more than $1. Months before that, in 1Q22, the company raised prices by 4%, and in June 2021, the company raised prices to offset soaring labor costs.
Young folks will lose their minds when they hear about the next round of Chipotle price hikes. Many can’t afford rent and groceries, barely have any personal savings left, and have racked up insurmountable credit card debt to survive President Biden’s disastrous economy where inflation is eating households alive. Many of these folks are still living at home.
www.zerohedge.com/markets/chipotle-plans-fourth-price-hike-two-years-offset-inflation