Your food is more expensive – are US corporate profits to blame?

Many companies such as Chipotle and McDonald’s are seeing profits jump as they continue raising prices, an analysis finds

As inflation shot to its peak around mid-2022, Chipotle’s prices also rose, pushing up what customers paid for burritos and bowls by as much as several dollars. Since then, the fast casual restaurant’s costs have broadly fallen. Prices have not.

Chipotle’s decision to maintain high prices helped boost profits 110% in recent years, while its executives boasted to investors that they raised prices higher than inflationary costs.