Little Caesars raising the price of its $5 Hot-N-Ready pizza

Business

NEW YORK (WTVO) — As inflation drives the cost of everything higher, Little Caesars has announced it is raising the price of its Hot-N-Ready pizza for the first time in 25 years.

The pizza chain’s ready-made-for-takeout pizza has sold for $5 since 2001.

Now, the company says it is selling a “new and improved” version with 33% more pepperoni, for $5.55, according to CNN.

Little Caesars has been selling the lowest priced pizza among its competitors Domino’s and Pizza Hut, which range from $13 to $16 for a similar sized pie.

Pizza sales have spiked during the COVID-19 pandemic as Americans stay at home more.

According to the Bureau of Labor Statistics, restaurant prices have gone up 5.8% over the last year, with supply chain and labor issues contributing to the increase.

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