{"id":1695370,"date":"2022-10-15T06:04:01","date_gmt":"2022-10-15T10:04:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1695370"},"modified":"2022-10-16T11:24:52","modified_gmt":"2022-10-16T15:24:52","slug":"cost-of-candy-soars-by-record-13-1-percent-before-halloween","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cost-of-candy-soars-by-record-13-1-percent-before-halloween\/","title":{"rendered":"Cost of Candy Soars by Record 13.1 Percent Before Halloween"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcost-of-candy-soars-by-record-13-1-percent-before-halloween%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1695370&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Candy prices in the United States are soaring right before <a href=\"https:\/\/www.theepochtimes.com\/t-halloween\">Halloween<\/a> due to rising <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a>.<\/p>\n<p>American consumers are expected to spend a record $10.14 billion on Halloween this year, up from $8.05 billion in 2021, <a href=\"https:\/\/nrf.com\/media-center\/press-releases\/halloween-spending-soars-celebrations-near-pre-pandemic-levels\">according to the National Retail Federation.<\/a><\/p>\n<p>Trick-or-treating and Halloween parties are making a comeback after the pandemic curtailed such festivities.<\/p>\n<p>\u201cAmericans plan to spend more than ever to make this Halloween a memorable one,\u201d said NRF president and CEO Matthew Shay.<\/p>\n<p>The average consumer is expected to spend $102.74 on costumes, <a href=\"https:\/\/www.theepochtimes.com\/t-candy\">candy<\/a>, decorations, and greeting cards, according to the NRF\u2019s annual survey, conducted by research firm Prosper Insights &#038; Analytics.<\/p>\n<p>At least $3 billion will be spent on candy, <a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/halloween-candy-prices-expected-jump-not-deterring-shoppers\">reported Fox Business.<\/a><\/p>\n<p>However, prices for the popular Halloween treats, jumped 13.1 percent in September from last year, according to the government report, putting a dent in many celebratory plans.<\/p>\n<p class=\"gnt_ar_b_p\">Meanwhile, millions of Halloween shoppers are buying up candy well in advance, because of the supply issues and rapidly rising costs.<\/p>\n<p class=\"gnt_ar_b_p\">The NRF survey found that 45 percent of Halloween buyers shopped early in September, while 39 percent planned to make their purchases. during the first two weeks of October.<\/p>\n<p> Inflation Hits Trick-Or-Treaters <\/p>\n<p>Average inflation rates were up by an annual basis by 8.2 percent last month, as consumer prices hit a 40-year high, according to <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">the latest inflation data from the Bureau of Labor Statistics.<\/a><\/p>\n<p>The Consumer Price Index (CPI) in September, rose 0.4 percent, while the core CPI surged 0.6 percent.<\/p>\n<p>The core <a href=\"https:\/\/www.theepochtimes.com\/t-consumer-price-index\">consumer price index<\/a>, which excludes food and energy, is up 6.6 percent from a year ago, at the highest level since 1982.<\/p>\n<p>Food prices, including candy, have increased by 0.8 percent, while the cost of food at home is up 0.7 percent.<\/p>\n<p>Prices have also risen in all six major grocery store food categories.<\/p>\n<p>\u201cAs the COVID pandemic has shifted to the background, inflation has become public enemy number-one. Awaiting the monthly update on prices at the retail level, it appears the year-over-year change in the CPI will remain elevated through the end of the year,\u201d Bankrate.com senior economic analyst, Mark Hamrick <a href=\"https:\/\/www.foxbusiness.com\/markets\/consumer-prices-jobless-claims-victoria-secret-gains-thursdays-5-things-to-know\">told Fox Business.<\/a><\/p>\n<p>\u201cThere has been relief from high gasoline prices which tend to aggravate consumers the most, but elevated food and shelter prices appear to be sticking around for a while as unwanted visitors.\u201d<\/p>\n<p> <a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2020\/11\/24\/Laguna-Beach_Small-Businessness_JF_2_11182020-1200x800.jpg\"><\/a> A view of the Candy Baron shop in Laguna Beach, Calif., on Nov. 18, 2020. (John Fredricks\/The Epoch Times) Cocoa and Sugar Shortages <\/p>\n<p>One of the reasons behind the rise in candy prices is the rising cost of one key ingredient, sugar.<\/p>\n<p>Refined U.S. sugar prices skyrocketed this year after drought slammed the beet-sugar crops used to make sugar in states up north.<\/p>\n<p>Cocoa prices also took a hit in recent months, partly because of rising operational costs for chocolate makers.<\/p>\n<p>The price surges for cocoa and sugar come just as the candy industry recovers from the supply chain chaos caused by the pandemic.<\/p>\n<p>Another blow to the chocolate industry is the\u00a0war in Ukraine,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Candy prices in the United States are soaring right before Halloween due to rising inflation. American consumers are expected to spend a record $10.14 billion on Halloween this year, up from $8.05 billion in 2021, according to the National Retail Federation. Trick-or-treating and Halloween parties are making a comeback after the pandemic curtailed such festivities. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1695372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1695370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1695370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1695370"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1695370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1695372"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1695370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1695370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1695370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}