The $1 Pizza Slice Becomes The Latest Victim of Inflation: 'World Done'2 Bros. Pizza, a chain famous in New York for its greasy, one-buck slices, announced that it will now be selling pizza slices for $1.50.

ByEmily Rella

Getty Images
2 Bros. Pizza in New York City

It seems as though virtually every industry has been affected by inflation.

And while businesses struggle to maintain affordable prices, many have had to adjust to the times. The latest inflation victim? A beloved New York City staple — the $1 slice.

2 Bros. Pizza, a chain with five locations across New York City's boroughs (the original location is located in Manhattan's East Village neighborhood) announced that it will now be selling its famous, once $1 pizza slices for $1.50.

“在过去的几个years, we had done everything in our power to keep the cheese slices at $1 while refusing to compromise on our quality," 2 Bros. Pizza co-owner Eli Halali toldtheNew York Post. "We were no longer able to break even."

Halali said the main reason for the price increases is the rising cost of cheese, which accounts for roughly 40% of the chain's total food costs. He did also note, however, that inflation has been "affecting every single ingredient" and pointed out that labor costs have also been on the rise.

Beloved fans of the Big Apple eatery were in mourning upon hearing the news.

According to the most recent data from theBureau of Labor Statistics, the Consumer Price Index saw a 0.4% increase in February in a one-month period, with an overall increase of 6% in a one-year period.

Wavy Line
Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Business News

Report: Vanna White Hasn't Received a Pay Raise in 18 Years, Will Walk if Not Offered $4.5 Million More for 'Wheel of Fortune'

The news follows longtime host Pat Sajak's decision to retire after this season.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Science & Technology

This Is the New ChatGPT Trend That Will Enhance Your Business

ChatGPT plugins are becoming the new cool trend among entrepreneurs to enhance their businesses and engage more customers. Here are some insights into how they're impacting business enterprises, along with some potential risks that may accompany the benefits.

Business News

McDonald's Is Launching a Spinoff Restaurant Chain Based on a Beloved, Blast-From-the-Past Mascot

The company saw a lot of success with another former mascot, Grimace, in June.