Rising commodity costs lead to price hikes in Northeast and Southeast
Pressured by rising commodity costs, Chipotle Mexican Grill raised prices at its restaurants in the Northeast and Southeast last week and company officials say more markets may see price hikes in the months ahead. Chris Arnold, spokesman for the Denver-based chain, said pricing is done on a market-by-market basis and price increases will vary. In the markets most recently affected, prices increased on average between 4 percent and 5 percent, he said. It is the first price increase in three ...
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