- steak out April 29
It looks like steak lovers might soon have some beef with Chipotle. The rising costs of ingredients have forced the Mexican fast food company to implement an across-the-menu price increase that will impact steak lovers the hardest. Jack Hartung, Chipotle's chief financial officer, said Tuesday that there will soon be a larger price disparity between its chicken and steak fillings to combat rising beef prices, as the price of beef has increased by 25 percent in the last year.
"We're going to allow our customers to choose whether they want to pay the higher price of steak," said Hartung. That means the cost of steak will rise between 4 and 6 percent, or between 32 and 50 cents per burrito.
Chipotle said the price increases will debut sometime this summer, but the new prices have yet to be determined.- - Jordan Valinsky
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Watch out, China — America is working on dogfighting drones
- How liberals are unwittingly paving the way for the legalization of adult incest
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- 43 TV shows to watch in 2014
- Why the Chinese military is only a paper dragon
- Why America won't have enough money to battle ISIS
- The troubling persistence of eugenicist thought in modern America
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Libertarianism's terrible, horrible, no good, very bad idea
- 6 things the happiest families all have in common
Subscribe to the Week