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.

What reasons did Chipotle provide for raising menu prices?

What types of ingredients did Chipotle mention as being more expensive?

What trend did Chipotle executives observe regarding consumer behavior?

When did Chipotle executives hint that price increases might occur?

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