Candy Prices Haunted by Inflation for Second Consecutive Halloween
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.