Consumer Minute: Chipotle Prices Going Up & Volkswagen Recall

That tasty burrito may cost you a lot more. Chipotle announced on its first-quarter earnings call Thursday that prices for all its menu items will go up for the first time in three years. The price increases will go into effect over the next three to six months. Customers will see the increases this quarter when the company begins rolling out new menus. In its last report, Chipotle blamed a drop in margins in part to higher food costs for beef, avocados and cheese.

Volkswagen says it is recalling more than 26,000 new 2014 cars in the united states because faulty O-Ring seals can leak transmission fluid that could spark a fire. The recall affects the model year 2014 Jetta, Beetle convertible and Passat with a 1.8T engine and torque converter. VW said the recall is beginning this week and dealers will replace the O-Ring seals in the transmission oil cooler. VW also said it is unaware of any crashes or fires related to the issue.

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