Biden Finds A New Way To Make Children Cry

Scary high inflation has made popular Halloween candy staples more costly than ever.

Candy and chewing gum costs are 13.1 percent more this year than last, the highest rise ever recorded. As a result, it may be more difficult this year to distribute Halloween candies such as Twix, Skittles, Reese’s, Starbursts, and Kit Kats.

Using information from Datasembly, Bloomberg reports that the following confectionery brands saw the most price increases between September 1, 2021 and October 16, 2022:

Candy       2021      2022    Increase

Skittles     $3.13     $4.43      41%

Twix          $4.95     $7.60      53%

Starburst   $3.04     $3.95      30%

Reese’s     $5.92     $8.01     35%

Kit Kat       $4.92     $5.98      21%

Other brands, such as Snickers, which increased by 12 percent, M&M’s, which also increased by 12 percent, and Sour Patch Kids, which increased by 10 percent, did not surpass the rate of inflation for candies, but they did outpace the rate of inflation for the broader economy, which was 8.2 percent.

Even after accounting for store special discounts, Skittles cost $3.37, a 29 percent increase; Starbursts cost $3.22, a 22 percent increase; M&M’s cost $3.88, an 18 percent increase; and Twix cost $4.76, a 17 percent increase.

In order to save money, several other businesses have turned to shrinkflation. According to the Washington Post, this year’s dark chocolate Hershey Kisses are two ounces smaller than last year’s and the Cadbury Chocolate bars are 10% smaller.

The increase in candy pricing, as previously reported, can be caused by rising manufacturing costs and price hikes for sugar (14.4 percent), milk (15.2%), and wheat components (24.2 percent).

The present drought that is impacting sugar beet harvests is the primary cause of the sky-high production costs. According to Forbes, American farmers have decided to grow less sugar beets in order to save money. This is due to the fact that sugar beets require fertilizer, a commodity which has seen a hampered supply due to supply chain issues, the conflict in Ukraine, and rising inflation.

Americans are expected to buy a record $10.6 billion worth of Halloween candy this year, with an average of $102.74 spent per family. In 2015, the average family spent $74.34 on Halloween expenses.

Author: Blake Ambrose

Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More



Most Popular
Sponsored Content

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More