Last week Chipotle Mexican Grill announced a 2nd price hike on its menu in just the last few months bringing cheers (and stock upgrades from Wall Street stock analysts).
Chipotle warns it could raise prices even further to stave off labor issues and supply chain struggles www.businessinsider.com/chipo…
Taco Bell, McDonald’s, and Dunkin’ are raising prices. Here’s how much more you’re paying for coffee and food. www.businessinsider.com/dunki…
However, in this case what is good for shareholders is bad for the consumer.
One one hand, many people on Wall St are talking about how inflation will go down a lot soon due to base effects, while on the other hand companies that admit that inflation is much worse than the CPI for them raise prices and it is being cheered on by Wall Street investment banks and stock analysts.