All articles tagged with #candy prices
The article discusses the rising costs of Halloween candy due to inflation, bad cocoa harvests, increased manufacturing costs, and tariffs imposed during the Trump administration, which have led to significantly higher prices for chocolates and candies, impacting consumers and charitable programs alike.
Candy prices are rising due to soaring cocoa costs, leading to smaller bags and alternative treats for Halloween, although consumer spending on Halloween candy remains strong despite higher prices. Cocoa prices have doubled since early 2024, impacting the confectionery industry, but are now trending down as supply improves, potentially moderating prices by Valentine's Day 2026.
Hershey will raise candy prices by low double digits due to rising cocoa costs driven by a global shortage caused by climate change and underinvestment, affecting products across its portfolio, with prices taking about 90 days to implement.
The price of candy and gum has surged nearly 13% from last year, according to a report from Datasembly, with candy inflation nearly double that of other groceries. While candy costs are up nationwide, the price hikes vary by state, with Vermont experiencing the highest increase at 14.7%. However, candy inflation is lower than in 2022 when prices jumped by 19.9%. Overall, rising candy prices contribute to the broader trend of inflation impacting consumer spending.
Candy prices in the U.S. have seen double-digit inflation for the second consecutive year, with prices for candy and gum up by an average of 13% compared to last October. The increase is attributed to rising cocoa and sugar prices, as well as higher costs for labor, packaging, and ingredients. As a result, some consumers are opting for value or store brands, while others are reducing their candy purchases altogether. The high prices are impacting demand, with Hershey's reporting a 1% decline in sales volumes. Experts predict that there may be no relief in sight for candy prices in the near future.