Trick or treat? Halloween candy prices are frightening this year

Even when it's Halloween, the scariest thing to consumers continues to be inflation! Hershey (HSY) warned of weak Halloween candy sales due to the rising costs of cocoa (CC=F).

Market Catalysts host Julie Hyman outlines the growing price tags on trick-or-treaters' favorite candies over the past five years.

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Video Transcript

00:00 Speaker A

Happy Halloween, although maybe it's not so happy when it comes to how much you're spending on candy this year. This week, Hershey warned of disappointing Halloween sales due to a variety of factors, but the candy giant did boost its forecast amid its decision to raise candy prices by double digits due to high cocoa costs. Let's dig into the price of a bag of Halloween candy because it is indeed rapidly out pacing inflation. Here you have the average price of a bag of candy according to various

00:30 Speaker A

sources here. And basically, we've seen about a doubling over the past five years. I know this because I am very stocked up on Halloween candy. Um, a lot of people come to my house, but this also means, you know, I don't know, maybe if you go to somebody's house this year, you're just going to get one little bar instead of take two, like is usually the rule at my house. Yes, we we don't do full size, but we do give people multiple candies. So really we have seen this incredible increase and guess what? You're going to expect to

00:58 Speaker A

see it at Thanksgiving and at Christmas as well. So, but have fun out there. Yes, it's about the candy, but it's also about dressing up.

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