A well-known pizza shop in New York is scrapping its $1 slice as inflation pushes up the price of cheese

• A famous New York Pizza shop is upping the price of its $1 pizza slices by 50% due to inflation.
• 2 Bros Pizza said the increasing price of cheese is making up over 40% of the company's food costs. 
• Sky-high inflation in the US is killing bargain prices and dollar stores since the pandemic. 

A famous pizza shop in New York known for popularizing $1 pizza slices has been hit hard by inflation and is upping its prices to $1.50 per slice. 

2 Bros Pizza, a New York restaurant chain, is increasing the price of its pizza slices at its East Village location – an area in lower Manhattan, local news site EV Grieve first reported.