The average cost of a hamburger in Colorado has reached an all-time high of $15. This represents a significant increase from the previous year, when the average price was $12. Several factors are contributing to the rising cost of hamburgers, including:
- The cost of labor: The minimum wage in Colorado has increased steadily in recent years, which has led to higher labor costs for restaurants.
- The cost of utilities: The cost of electricity and natural gas has also increased, which has added to restaurants’ overhead costs.
- The cost of ingredients: The cost of beef, buns, and other hamburger ingredients has also increased due to supply chain disruptions and inflation.
- The cost of equipment: The cost of restaurant equipment has also increased, which has led to higher capital expenditures for businesses.
As a result of these factors, restaurants are forced to pass on some of their increased costs to customers. This is why the price of a hamburger has risen so sharply in Colorado.
“Continuing to provide a delicious product to our guests at a value is paramount to us at the Cherry Cricket. We’re always very hesitant to increase our prices,” Calley McCue, president and chief financial officer for Cherry Cricket’s parent company, Breckenridge-Wynkoop, said in an email to The Colorado Sun. “That said, the dramatic increase in (the cost of goods sold) and labor costs that we’ve seen over the past two years have, unfortunately, necessitated increased prices in order for us to keep operating.”
The rising cost of hamburgers is a trend that is being seen across the United States. According to a recent study by the National Restaurant Association, the average price of a hamburger in the US is now $13. This represents a 10% increase from the previous year.
The rising cost of hamburgers is likely to continue in the near future. This is due to the fact that the factors that are driving up prices are not expected to change anytime soon. As a result, customers can expect to pay even more for their hamburgers in the years to come.
