Chipotle to raise menu prices for 4th time in 2 years

Chipotle fans take note: indulging in a taco or burrito at the fast-food restaurant could soon put a bigger dent in your wallet. 

That's because the Tex-Mex chain plans to bump up menu prices, the company confirmed to Insider Tuesday, marking its fourth price hike in two years. Chipotle is attributing the move to "the state of the economy," the publication reported. 

A Chipotle spokesperson did not clarify the extent to which prices will rise or which menu items will become more expensive. It also remains unclear when the price hikes will go into effect. A burrito at Chipotle currently costs $11.10 in New York, the company's website shows.