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.

By Emily Rella

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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.

"Over the past few 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 told the New 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 the Bureau 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.

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Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at 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.

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