Candy and gum prices have increased by 13% this month, more than double the overall grocery price increase. This has led to concerns among consumers, with many planning to buy cheaper alternatives for Halloween. Experts predict that prices may continue to rise due to factors such as droughts and high sugar prices.
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, according to Datasembly, a retail price tracker. That’s on top of a 14% increase in candy and gum prices in October 2022.
“There may be no price relief in sight, at least through the first half of 2024,” said Dan Sadler, principal of client insights for Circana, a market research firm. Those costs, combined with increases for labor, packaging, and ingredients like peanuts, are pushing up prices for all kinds of candy.
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