Chipotle Mexican Grill may increase its prices in mid-2014 in order to offset rising food costs, company executive says

LOS ANGELES , January 17, 2013 () – According to a company executive, Chipotle Mexican Grill Inc. might increasse its prices in the middle of 2014 in order to offset rising food costs, Thomson Reuters reported Jan. 17.

On Jan. 16, Chipotle forecast fourth-quarter profit below Wall Street expectations, blaming a faster-than-expected rise in food costs.

The primary source of this article is Thomson Reuters, London, England, on Jan. 17, 2013.

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