Chipotle is raising prices for the fourth time in two years and fans are not happy
1 year, 2 months ago

Chipotle is raising prices for the fourth time in two years and fans are not happy

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to a report from Insider, Laurie Schalow – chief corporate affairs officer at Chipotle – says the fast-food chain will be raising its prices due to “offset inflation.” In a statement she said: “For the first time in over a year, we will be taking a modest price increase to offset inflation.” While Ms Schalow did not reveal which menu items would be affected, the “modest” uptick in prices may be reflected across the board given the current state of the economy. On a Chipotle subreddit board, longtime fans sounded off on the increase in prices and speculated whether or not the latest price hikes would cause loyal customers to jump ship. Maybe if I happen to be out and need to slam something but even then, it’s not at the top of my list.” Others doubted that anything could truly deter loyal customers from continuing to buy from the Mexican food chain, with someone writing: “Price increases haven’t stopped people yet lol.” Another person added, “This is what’s killing me. People will complain about prices but yet they will KEEP buying it.” In July, TikTok users were reportedly calling the increase in prices the “downfall of Chipotle.” Many waxed poetic about Chipotle’s so-called glory days, including one user who wrote: “I feel bad for ppl who didn’t get to experience 2009-2010 Chipotle, whew lawd it was fire.” Another added, “I would give ANYTHING for a single bite of my 2011 Chipotle order.” It isn’t only Chipotle that has been affected by the current state of the economy.

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History of this topic

Fast food fans outraged after another popular chain announces price hike
3 weeks, 2 days ago

Fast food fans outraged after another popular chain announces price hike

Daily Mail  

Fast food fans have been left outraged after yet another chain announced a price hike. Former CEO Brian Niccol said in July that Chipotle was retraining its workforce at ten percent of its locations to ensure customers were getting the right sized portions. Prices for a typical combo meal at the five biggest burger chains - McDonald's, Burger King, Wendy's, …

Food prices are on the rise again. What’s behind the increase
3 weeks, 4 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Food prices are on the rise again. What’s behind the increase
3 weeks, 4 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Chipotle confirms incoming price increases, primarily due to inflation
4 weeks, 2 days ago

Chipotle confirms incoming price increases, primarily due to inflation

Salon  

As Salon’s Joy Saha reported last week, Chipotle has confirmed a price increase. Saha noted that several of the chain’s key ingredients, including avocados and sour cream, have been “hit hard by inflation.” The company says the price hike is intended to “offset the costs of raw ingredients.” Dee-Ann Durbin of the Associated Press reported that Laurie Schalow, Chipotle’s chief …

Chipotle is raising US prices after promising bigger portions
1 month ago

Chipotle is raising US prices after promising bigger portions

Associated Press  

Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes. Chipotle’s chief corporate affairs officer, Laurie Schalow, confirmed Friday that the Mexican restaurant chain was implementing a 2% price increase nationally. Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a …

Why you might be paying more at Chipotle soon
1 month ago

Why you might be paying more at Chipotle soon

Salon  

Back in October, Chipotle announced in its third-quarter earnings report that food, beverage and packaging costs went up from 29.7% to 30.6% of total revenue due to inflation. “With inflation for its ingredients in the low single digits, Chipotle executives are considering raising prices but want to maintain its appeal to consumers looking for deals and discounts,” the Journal’s Jennifer …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras
7 months, 1 week ago

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras

Salon  

Earlier this month, social media star and food critic Keith Lee took to TikTok to post a review of several menu items from Chipotle. I truly want to find out.” Lee also complained about the lack of chicken in his bowl, saying Chipotle’s “portions been crazy low.” An online frenzy soon ensued with other consumers echoing similar sentiments and accusing …

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That was the fear — that everybody would tolerate …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 4 weeks ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

Retail inflation surges to 7.44% in July
1 year, 4 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

US inflation highest in 40 years, with no letup in sight
2 years, 10 months ago

US inflation highest in 40 years, with no letup in sight

Associated Press  

WASHINGTON — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982. …

US consumer prices surge in June by the most since 2008
3 years, 5 months ago

US consumer prices surge in June by the most since 2008

Associated Press  

WASHINGTON — Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the Labor Department showed that consumer prices in June rose 0.9% from May and 5.4% over the past …

Consumer prices shot up 0.8% in April as worries escalate
3 years, 7 months ago

Consumer prices shot up 0.8% in April as worries escalate

Associated Press  

WASHINGTON — A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.8% — the largest monthly jump in more than a decade — and the year-over-year increase reaching its fastest rate since 2008. The April inflation report showed that food prices rose 0.4%, the biggest such increase since a 0.5% …

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