Chipotle Mexican Grill (CMG) is raising prices by about 2% to meet higher costs for food ingredients, multiple news outlets reported late Wednesday, citing a statement from the company.
"For the first time in over a year, we have taken a modest price increase of approximately 2% nationally to offset inflation," Laurie Schalow, Chipotle's corporate affairs chief, was quoted as saying by these reports.
Chipotle did not immediately reply to MT Newswires' request for comment.
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