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IPFS News Link • Holidays

'Candyflation' Spooks Consumers For Second Halloween

• https://www.zerohedge.com, by Tyler Durden

Data from retail price tracking website Datasembly reveals consumers have been slapped with the second year of double-digit inflation in the candy aisle. Prices for candy jumped 13% this month compared to prices last October. That's up from a 14% increase in candy in October 2022. 

"The price of candy has gotten to be outrageous," Jessica Weathers, a small business owner in Shiloh, Illinois, told AP. She usually buys plenty of candy for the trick-or-treaters, but this year, she only bought two bags, indicating, "It doesn't make sense to me to spend $100 on candy."

This Halloween, one-third of consumers are planning to trade down to value or store brands when buying candy for trick-or-treaters, according to market research firm Numerator. 

Data from the Bureau of Labor Statistics show candy prices have rocketed higher in the last several years.


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