Hershey boosts candy prices as food costs rise
Bad news for chocolate lovers — your favorite indulgence is about to get more expensive.
Hershey Co., the nation’s leading candy producer, said Tuesday it is raising prices of chocolates such as Kisses, Reese’s, Mounds bars and other candies by 8% to combat increasing food, utility and transportation costs.
The costs for cocoa, dairy and nuts have “increased meaningfully since the beginning of the year,” said Michele Buck, president of Hershey’s North America, explaining that prices of these commodities “have been volatile and remain at levels that are above historical averages.”
Cocoa futures jumped to almost a three-year high this month because of increased demand and weather issues in major cocoa-producing countries.
I’ll eat it anyway!!!!