According to an announcement by Chipotle during an earnings call last week, that barbacoa burrito with extra sour cream is going to cost you a bit more soon. The chain is instituting the first price hike since 2011. They cite rising costs for beef, avocados and cheese for the increase.
What does this mean for you? Expect to pay about 3 to 5% higher for your meal. For a typical $8 burrito bowl, this translates to about 24 to 40 cents more.
The price increase will be rolled out in a few weeks, as soon as the new menu boards are installed.