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Burrito Alert: Chipotle Is Raising Prices

Chipotle Mexican Grill in New York
Chipotle Mexican Grill in New YorkPhotograph by Craig Warga/Bloomberg

Chipotle customers, you were warned.

Earlier this year the company noted rising prices for many of its most important ingredients—avocados at first, followed by beef and cheese. Now executives have announced that burrito prices will rise, too, for the first time in three years. The average increase will be in the mid-single digits, according to Chipotle’s leaders, and will go into effect over the next several months.