Price Hikes Are on the Menu at Starbucks, Chipotle and More Big Restaurant Chains
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Think twice before going out to grab coffee or a bite to eat: Inflation is on the menu.
Restaurants across the nation are grappling with how to deal with the increased costs for labor, food and other supplies. The answer, for several national chains including Chipotle and Starbucks, is to pass along those increased expenses to consumers by hiking menu prices.
Overall, the Labor Department says that the cost of food away from home increased 6% nationally for consumers between December 2020 to December 2021 — marking the largest price increase since January 1982. During that same period of time, overall inflation also hit a 40-year high, at 7%.
Where restaurant prices are rising
Some food chains are hiking prices well above the regular rate of inflation. Here’s a look at how menu prices are changing at several major restaurants.
Chipotle
