Your food is more expensive – is it driven by US corporate profits?

While you may be feeling the pain from high prices, many companies are seeing their 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.