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TAMPA, Fla. (WFLA) — The price of Halloween candy got a little more frightening this year — That’s according to inflation data from the Bureau of Labor Statistics.
For those who prefer treat over trick, the BLS estimated people will pay about 13% more for candy this year, or about $2 extra for a $15 bag of assorted Halloween-sized candies.
According to the latest Consumer Price Index, which compared prices from September 2021 to September 2022, the price of candy and chewing gum rose 13.1% while items listed under the category “other sweets” rose 16.1%.
The measure marks the largest annual increase in price on record for the CPI. BLS said it took 9 years, from 1997 to 2006, for candy prices to increase the same amount as they did in the last year.
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But the price hikes don’t end there. Sweets of all kinds are costlier than last year, driven by increases in the prices of sugar, which rose 17%, and flour, which rose 24%. Supply chain disruptions and a poor beet sugar production year also contributed to the rising costs.
According to the National Retail Federation, as participation in Halloween-related activities resume to pre-pandemic levels, the US is expected to spend a combined $3 billion on candy this season.
An annual survey from the NRF found that about 69% of consumers are planning to celebrate the holiday this year, up from 65% in 2021 and comparable to 68% in 2019. With the spike in participation, total Halloween spending is expected to reach a record $10.6 billion, exceeding last year’s record of $10.1 billion — that includes everything from costumes and candy to decorations.