Chipotle raising prices for first time in over a year, company says

Chipotle has increased its menu prices by about 2% due to rising costs of ingredients like dairy, beef, and avocados. The company notes a trend of consumers choosing to eat at home rather than dining out. In October, Chipotle executives suggested that further price increases might occur in early 2025, marking the first price hike in over a year.

Why did Chipotle decide to raise its menu prices?

• To increase profit margins

• To improve service quality

• Due to higher ingredient costs

• To compete with other restaurants

Which ingredients were mentioned as becoming more expensive for Chipotle?

• Fish, corn, and cheese

• Dairy, beef, and avocados

• Pork, lettuce, and tomatoes

• Chicken, rice, and beans

What trend has Chipotle observed among consumers?

• Higher demand for organic options

• More frequent visits to fast-food chains

• Preference for home-cooked meals

• Increased spending on dining out

When did Chipotle executives suggest that another price increase might occur?

• Late 2024

• Early 2025

• Mid 2025

• End of 2025

How long has it been since Chipotle's last price increase?

• Less than six months

• Over three years

• About two years

• More than a year