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California drought forces Chipotle to raise prices

This file photo shows a Chipotle Mexican Grill in Robinson Township, Pa.
Monday, July 21, 2014
With beef and avocado prices way up, Chipotle is the latest fast food restaurant to raise its prices.

The drought is blamed for the price hikes for both beef and avocados that has hit food industries really hard.

Just last week Hershey's said it was raising prices 8 percent due to the increased prices of cocoa, nuts, and dairy.

Starbucks already announced its price increases last month. Many expect Dunkin' Donuts to announce a rise in its prices soon too.
Related Topics:
business fast food restaurant chipotle drought california 7 On Your Side food California
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