Halloween is just over a week away, and if you haven’t noticed how inflation has affected the holiday, you will probably see higher prices when you head to the grocery store’s candy aisle. It’s not too scary, thanks to the low prices in general, but simply put, the cost of a sugar high will be higher.
Let’s start with Skittles; prices are up 42% from last year. You are probably scratching your head, wondering why such a steep increase. Interestingly, the supply chain was affected by hurricane season, and the bad weather in the southeast may have played a role.
Starburst isn’t exactly associated with trick or treating, and maybe you should not put it in your repertoire this year because those costs are up 35%.
Axios did a thorough breakdown of candy prices, and the old standbys like Snickers and Reese’s Peanut Butter Cups will cost more.
There’s no bigger time of year for candy companies than Halloween, bigger than Easter and Christmas, and consumers have been spending more and more each year for the past decade.
Are you ready for a number that might shock you? According to the National Retail Foundation’s Halloween Spending Survey, Americans will spend over $100 billion on candy this year, a couple of billion less than in 2021.
Maybe the pandemic got people craving sugar because spending on candy in 2019 was just $86.2 billion.
Here are the most popular Halloween candies.
Reese’s Cups
Skittles
M&M’s
Starburst
Hot Tamales
Sour Patch Kids
Hershey’s Kisses
Snickers
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