Data analysis shows that prices for Halloween staples like candy and costumes rose in the U.S. in 2024.
Although U.S. inflation fell slightly in September, many consumers remain concerned about Halloween-related price hikes. With chocolate prices hitting record highs, many holiday shoppers are turning to cheaper types of Halloween candy. According to In the Wall Street Journal.
Total spending on Halloween this year is expected to reach $11.6 billion. According to Based on National Retail Federation (NRF) research conducted by Prosper Insights & Analytics.
The most expensive candy this Halloween is The Three Musketeers, with a current average price of $0.79 per ounce. According to To data from coupon follow. According to CouponFollow, the price of chocolate candy has jumped 43% this year, and some other types of candy have increased 20% this year.
Assorted Halloween candy bags on display at a store in Lafayette, California, on September 9, 2024. (Photo courtesy of Smith Collection/Gado/Getty Images)
Global sugar and cocoa prices are “soaring” and chocolate prices in the US have increased by 17% in the past two years. According to To the October 24th press release from Euromonitor International. Halloween products hit stores much earlier than expected this year to give holiday shoppers more shopping and budgetary space, according to a press release.
The price index for chocolate and confectionery made from cocoa rose by about 45% from January to September this year. According to to Federal Reserve Economic Data (FRED). This rise in chocolate prices is partly due to weather conditions affecting the cocoa bean harvest in West Africa. According to To KFDA.
“Bad weather and other factors contributed to the poor harvest,” Neil Meredith, a professor at West Texas A&M University, said, according to KFDA. “This year has not been a good year for the harvest of cocoa beans, which are used to make cocoa. Cacao, as you know, is the main ingredient in chocolate.” (Related: Kmart’s last authentic (to close stores)
Prices for popular Halloween costumes for kids are also rising, according to CouponFollow. According to CouponFollow, the trending kids’ Halloween costume of the Pokemon character Charizard is one of the most expensive this year at $65.01, closely followed by the Wolverine superhero costume at $56.93.
It’s not just the rising prices of Halloween goods that are worrying American shoppers, with 31% of families saying they’re worried about going into debt from back-to-school shopping. According to Based on Bankrate research released August 19th.
All content produced by the Daily Caller News Foundation, an independent, nonpartisan news distribution service, is available free of charge to legitimate news publishers with large audiences. All republished articles must include our logo, reporter byline, and DCNF affiliation. If you have any questions about our guidelines or our partnership, please contact us at licensing@dailycallernewsfoundation.org.
