Key takeaways:
- Candy and gum prices have risen 13% this month compared to last October, more than double the 6% increase in all grocery prices.
- This marks the second year in a row of double-digit inflation in the candy aisle.
- The cause of the price hike is likely due to a combination of supply and demand.
Halloween shoppers are facing a double-digit increase in candy and gum prices this year, according to Datasembly, a retail price tracker. Prices have risen 13% this month compared to last October, more than double the 6% increase in all grocery prices. This marks the second year in a row of double-digit inflation in the candy aisle.
Jessica Weathers, a small business owner in Shiloh, Illinois, expressed her frustration with the rising prices. “The price of candy has gotten to be outrageous,” she said. Weathers usually buys plenty of candy for trick-or-treaters and events at school and church, but this year she only bought two bags and plans to turn off her porch light on Halloween.
The 13% increase follows a 14% increase in candy and gum prices last October. This is a significant jump from the 6% increase in all grocery prices. The cause of the price hike is unclear, but it is likely due to a combination of supply and demand.
The price of candy is a major concern for many shoppers this Halloween season. With prices continuing to rise, it is important to be mindful of your budget when buying candy. Consider buying in bulk or making your own treats to save money.
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