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Blame inflation for the rising cost of a bacon, egg and cheese

Blame inflation for the rising cost of a bacon, egg and cheese

CBSN
Wednesday, July 27, 2022 06:22:08 PM UTC

Some of the nation's most popular eateries — both large and small — are hiking their prices, passing higher supply costs onto customers. 

McDonald's, Outback Steakhouse, Starbucks and Wendy's have raised menu prices this year as inflation maintains its tight grip on the U.S. economy. Chipotle joined them on Tuesday when CEO Brian Niccol said the chain will increase prices next month by a percentage "in the mid- to high single-digit range."

Niccol told investors this week that higher dairy, packaging and tortilla prices factored into the new price hikes, which follow a previous round of price increases in February. 

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