Rising Cocoa Prices and Shrinkflation Impact Halloween Treats
This Halloween season, candy shoppers are facing some frightening trends: soaring cocoa prices are leading to increased costs for chocolate treats, forcing many to consider alternatives. Reports indicate that chocolate candy prices have surged significantly, with some consumers opting for gummy varieties instead. Shrinkflation is also at play, with candy makers offering smaller sizes at higher prices. Experts link these challenges to broader economic pressures and climate change impacts on cocoa production. As shopping patterns shift and treat sizes dwindle, trick-or-treaters may experience a Halloween that tastes quite different this year.
MarketWatch, News 12 Bronx, Marketplace, Global News, National Taxpayers Union, VOCM, Windsor Star, CTV News Atlantic, ABC27, AS USA