The improved pie includes more pepperoni, but it won't be five bucks anymore.Published on January 4, 2022 Show Pandemic-induced inflation has increased the price of nearly everything, and pizza is no exception. Back in November, we covered the sad reality that New York City's iconic dollar pizza joints were forced to jack up the price of their $1 slices. Now, a national pizza chain known for its value has also made some tweaks: Little Caesars' standard Hot-N-Ready pizzas no longer cost $5. In an announcement yesterday, Little Caesars touted its "new and improved" Hot-N-Ready Classic Pepperoni pizza, now featuring 33 percent more pepperoni, providing customers with "more meat for their money." But the pizza itself costs more, too: up to $5.55 from $5, an 11-percent increase. Additionally, the brand says this pricing is for "a limited time," not taking off the table that the price could soon change further — though, later, Little Caesars also billed the meatier pie as "a permanent menu item change." Lauri Patterson / Getty ImagesA 55-cent increase on a pizza that was already promoted as an amazing value may not seem like a huge deal, but it's actually significant for another reason: As the Detroit Free Press points out, it's the first national price increase the Hot-N-Ready pizza has had since its launch in 1997, nearly 25 years ago, though a Little Caesars' spokesperson told the paper prices have always varied by market. And for what it's worth, the U.S. Bureau of Labor Statistics' CPI Inflation Calculator says $5 in 1997 has the same buying power as $8.61 in 2021 — so, in theory, a 55-cent increase was well overdue. But Little Caesars' chief marketing officer Jeff Klein simply tried to focus on the positives of the situation. "Change is good when it comes to giving our customers more of what they love," he said in the announcement, "and we're changing our iconic Hot-N-Ready Classic, adding 33-percent more savory, meaty pepperoni still at the country's most affordable price." Little Caesars says they can claim that "most affordable" title by looking at the other three largest pizza chains' "comparable large, round standard cheese and pepperoni pizzas, sold at every day menu prices." So yes, even at $5.55, the pie is probably a bargain. Still, after they got rid of the whole two-for-one "Pizza! Pizza!" deal, it's no wonder loyal customers might be a bit nervous.
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'I need to cut back on things': Family reacts to surging food prices 01:01 Now playing - Source: CNN Business New York CNN Business — Not even Little Caesars is immune from price increases: The chain’s signature $5 Hot-N-Ready pizza now costs 11% more. Little Caesars is selling a “new and improved” version of the recognizable pizza, which has 33% more pepperoni and a new price of $5.55 — its first price increase in nearly 25 years. The pizza first went on sale in 2001 and differentiated itself from competitors because it was made ready for take-out without the need to pre-order it.
Despite the price increase, Little Caesars’ said it’s still sold at the “country’s most affordable price” compared to its competitors large pepperoni pizzas. A similar pie at its rivals, including Domino’s and Pizza Hut, costs between $13 and $16 depending on the location. The revamped version of the Hot-N-Ready is a permanent menu change and the price could cost more in some cities after the nationwide promotional price ends after a “limited time.” Pizza sales have exploded during the pandemic, with sales at its publicly traded rivals growing over the past two years. Prices for basically everything have also blossomed, even at restaurants were prices spiked 5.8% over the 12 months ending in November 2021, according to the Bureau of Labor Statistics. The sharp increases underscore the fact that restaurants and food makers are not immune to supply chain and labor pressures contributing to pricing increases across the board. How many pizzas are in a Little Caesars box?Ten pieces of our freshly baked ITALIAN CHEESE BREAD paired with 4 slices of our DEEP!
How Much Is a Little Caesars pepperoni pizza?Little Caesar's Menu With Prices (Updated: November 2022). How much is Little Caesars extra most bestest pizza?Little Caesars ExtraMostBestest Review. Product Name: Little Caesars ExtraMostBestest Pizza.. Offer price: $6.. Currency: USD.. Availability: InStock.. Did Little Caesars discontinue $5 pizza?Not even Little Caesars is immune from price increases: The chain's signature $5 Hot-N-Ready pizza now costs 11% more.
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