Nothing has been safe from inflation, and that includes candy ahead of Halloween.
One of the most important parts of Halloween is the candy, but even that has become more expensive.
Nothing is off limits when it comes to food or groceries.
What happened to candy during inflation and which had the highest rate?
People are finding out when they go to purchase their candy that it’s more expensive than it was last year.
According to My Twin Tiers, candy and gum are up 13.1% from September of last year to September of this year.
This is the largest increase in history and it’s happening just in time for Halloween.
Bloomberg reports that the reason for such a huge increase is due to the cost of sugar.
Drought has really impacted the beet-sugar crops in the U.S. this year. This plus the supply chain issues has pushed the price of sugar higher than ever before.
Bernie Sanders, Vermont Senator, is going as far as suggesting it’s the companies increasing the prices.
He recently tweeted that Mars candy bar company has become 44% richer, increasing their wealth by $32.6 billion. They’re now worth $106.8 billion.
The highest increases seen were for Twix, Skittles, Reese’s, Starburst, and Kit Kat.
Twix cost $4.95 in 2021 and is $7.60 in 2022, an increase of 53%.
Skittles cost $3.13 in 2021 and $4.43 in 2022, an increase of 41%.
Reese’s cost $5.92 in 2021 and are now $8.01 in 2022, an increase of 35%.
Starburst cost $3.04 in 2021 and are now $3.95, an increase of 30%.
Finally, Kit Kat bars cost $4.92 in 2021 and $5.98 in 2022, an increase of 21%.
Nestle Crunch saw one of the lowest increases at just 4%.
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