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Thanks Biden: Hollywood Candy Inflation Hits Double Digits

via ABC News

Datasembly’s latest Grocery Price Index reveals that candy prices in the U.S. have experienced significant inflation, with a 6.7% increase in the same time period.

This follows a 19.9% increase in candy prices last year and a 12.8% increase from October 2022 to October 2023.

Factors such as high inflation, weather conditions affecting cocoa production, and global sugar price spikes contribute to the rising candy prices. (Trending: Democrat’s Disturbing Ties to Terrorism Exposed)

As a result, consumers are opting for off-brand treats, and even discount grocery chains like Aldi have increased their candy prices.

“The price of candy has gotten to be outrageous,” said Jessica Weathers, an Illinois small business owner to ABC News. “It doesn’t make sense to me to spend $100 on candy.”

“Weather is the main culprit for the higher prices,” business writer Dee-Ann Durbin said. “Cocoa prices are trading at 44-year highs after heavy rains in West Africa caused limited production in the season that began last fall.” (Trending: Kamala Harris Serves Up Another Dish of Her ‘Signature Word Salad’)

“Now, El Nino conditions are making the region drier and are likely to linger well into the spring.”

Dan Sadler, principal of client insights for market research firm Circana, warned that there “may be no price relief in sight, at least through the first half of 2024.”

Chocolate giant Hershey has also raised prices, leading to a decline in sales volumes.

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