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Chipotle Has Quietly Raised Its Prices

Chipotle warned everyone about a potential price increase months ago. But back in January, top brass at the company said they would slowly hike price tags slowly over time. Until now, it wasn’t clear when everyone’s wallets would feel the full effects.

The new price tags have officially been put into place in 440 locations — which means, if you live in a city where labor costs are high, (i.e. major cities with a high minimum wage like Washington, D.C.) you can expect to see a leap in the cost of your burrito next time you head to Chipotle.

According to Fortune, prices have quietly increased by about 5 percent across the board in these stores. For most menu items, that amounts to less than a fifty cent increase, but hey, those quarters could be going to guac, right? (Time to start trying out these money-saving ordering hacks!)

But it doesn’t stop there. More markets may see price increases throughout 2017, Eater reports. However there is a glimmer of good news: the price hikes “were never intended to be a system-wide increase,” a Chipotle spokesperson said.

These financial changes come after a shaky year for Chipotle, with a decrease in restaurant sales, foodborne illnesses in more than dozen states, and ingredient shortages. Here’s hoping 2017 is a better year for the Tex-Mex brand, so you can keep enjoying your cheesy burrito bowls in peace.

 

Source:www.cosmopolitan.com/food-cocktails/a9536857/chipotle-price-hike/