Halloween Candy Costs Rise 8% Year Over Year Due to Cocoa Price Increases
What happened
Halloween ranks second in commercial spending holidays for consumers in the U.S. Candy costs are 8% higher year over year, and prices have increased by more than 70% since 2021. This rise is attributed to cocoa manufacturing and supply-chain issues, which have caused cocoa prices to increase by fifty percent over the last decade.
From kxii.com
Why it matters
The price increases for standard candy are about eight percent, which is twice the average inflation rate. While costs for Halloween costumes and candy are higher, 75% of those surveyed still plan to celebrate the holiday.
From kxii.com
Who's involved
- TexasState where consumer spending trends were reported
- National Retail FederationOrganization that reported on consumer spending trends
- Matthew ShayPresident and CEO of the National Retail Federation
- David FrenchExecutive vice president of the National Retail Federation
- Jonathan GoldVice President for Supply Chain and Customs Policy at the National Retail Federation
- Mark MathewsChief Economist for the National Retail Federation
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CostcoSpeculative
Costco might face rising input costs for cocoa and candy, which could affect procurement and margins.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Rising candy and cocoa costs in Texas contribute to inflation data tracked by the BLSRising candy and cocoa costs in Texas contribute to inflation data tracked by the BLS.Likely
- High retail inflation may prompt FTC review of market pricingHigh retail inflation could prompt FTC review of market pricing practices.Possible
- Rising cocoa costs may increase Costco's procurement expensesRising input costs may increase procurement costs for CostcoPossible
- Walmart may face higher input costs from rising candy pricesWalmart may face higher input costs due to rising candy and costume pricesPossible
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The entities involved
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Texas
state of the United States of America
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National Retail Federation
organization