Chipotle raised its menu prices to offset higher minimum wages Chipotle Mexican Grill is raising menu prices by up to 4% to cover the cost of higher minimum wages, as first promised in May
Chipotle Mexican Grill executives revealed Tuesday at the Baird Global Consumer, Technology & Services Conference that the Newport Beach, Calif.-based fast-casual chain raised their menu prices by 3.5-4% last week to offset the costs of its minimum wage increases. Those will increase to an average of $15 an hour by the end of the month, or a range of $11-$18 per hour.
The average Chipotle steak burrito costs $8.85 and will see a 35-cent hike to $9.20.
Employees at Chipotle Mexican Grill are making more money, and the consumer is covering the cost through increased menu prices. According to a report by CNBC, menu prices at Chipotle have risen by around 4% to cover the cost of increased hourly pay for the chain’s employees. Chipotle is one
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