Chipotle Prices To Go Up Across US Due To Inflation

NEWPORT BEACH, CA — That burrito bowl just got a little pricier.

Chipotle is raising its prices nationwide to offset inflation — but it's not all grim news. To compensate for the increase, the chain promised to increase portion sizes across the board, KTLA reported.

According to USA Today, company shareholders said the increase was due to inflation across "several ingredient costs," primarily avocados and dairy, higher usage of ingredients as the company focused on "ensuring consistent and generous portions," and a protein mix shift from the success of its smoked brisket limited time offer.

Laurie Schalow, chief corporate affairs officer at Chipotle, said Friday that the Mexican restaurant chain was implementing a 2 percent price increase nationally, KTLA reported.

According to Schalow, it's the first time the SoCal-based company has raised its prices in more than a year.

The chain announced the price increase after an analyst report released earlier this week by investment bank Tuist Securities noted a 2 percent increase at roughly 20 percent of Chipotle's 3,500 US stores, according to a Chipotle news release.

It was not immediately clear when the price increases will go into effect.