Chipotle had paused price hikes for more than a year after three rounds of raising menu prices in 13 months.
The burrito chain had paused price hikes for more than a year after three rounds of raising menu prices in 13 months.
"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 said in a statement to CNBC.Sign up for NBC San Diego newsletters. After peaking last June, inflation has cooled. Prices for many goods and services are still rising but at a slower rate. The 12-month consumer price index rose 3.7% in August after climbing 8.3% a year earlier, according the Bureau of Labor Statistics., citing the cost of rising wages for its employees. It raised its prices again during the first three months of 2022 and then again in July of that year.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chipotle plans price increases after pausing hikes this yearChipotle had paused price hikes for more than a year after three rounds of raising menu prices in 13 months.
Read more »
Chipotle to raise menu prices for 4th time in 2 yearsChipotle attributes plans to bump up menu prices again to 'state of the economy,' a company spokesperson told Insider.
Read more »
PepsiCo third-quarter core earnings per share top estimates amid price hikesPepsiCo third-quarter core earnings per share top estimates amid price hikes
Read more »
PepsiCo lifts profit forecast again as price hikes fail to dent demandPepsiCo lifts profit forecast again as price hikes fail to dent demand
Read more »
Pepsi Price Hikes Fail to Dent Demand; Profits Up 14%PepsiCo's revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices.
Read more »
PepsiCo price hikes lead to strong third-quarter earningsPrice hikes lifted PepsiCo’s profits in the third quarter, but the company says those increases are likely to moderate in the coming year. Pepsi raised prices 11% in the July-September period…
Read more »