Halloween 2023: US candy inflation hits double digits for second time in a row
Candy and gum prices are up an average of 13% this month compared to last October, more than double the 6% increase in all grocery prices
Stay updated with breaking news from Gro Intelligence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Candy and gum prices are up an average of 13% this month compared to last October, more than double the 6% increase in all grocery prices
For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. Candy and gum prices are up an average of 13% in October. That’s on top of a 14% increase in candy and gum prices in October 2022. Weather is the main culprit. Cocoa prices are trading at 44-year highs after heavy rains in West Africa caused limited production in the season that began last fall. Now, El Nino conditions are making the region drier and are likely to linger well into the spring. Meanwhile, global sugar prices are at 12-year highs.
US News: Halloween celebrations in the US are expected to be affected for the second consecutive year as candy prices have surged by an average of 13% compared
For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle.
Spooked by the high price of Halloween candy? There's not much relief in sight.