The cost of candy for this year's Halloween has soared roughly 13% from October 2022 — more than twice the amount of inflation for other groceries, according to new data.
Inflation is wreaking havoc on Americans' budgets in several areas, but the sky-high cost of candy this Halloween is downright scary. A report from Datasembly released earlier this month shows the price of candy and gum has soared 12.8% over the past year — nearly twice the amount of other groceries, which rose 6.7%.
While candy costs are up nationwide, the price hikes vary by state, according to the data. On the low end, candy prices in Alaska rose 7.1% over the past year, but the Northeast was hit particularly hard, with Vermont's candy and gum prices surging by 14.7%. Although stocking up for trick-or-treaters will be a pricier endeavor this year, candy inflation is actually lower than in 2022, when the average nationwide price for candy and gum jumped by 19.9%.
The latest Labor Department data shows the consumer price index — a broad measure of the price for everyday goods, including gasoline groceries and rents — rose 3.7% in September from the same time last year. GET FOX BUSINESS ON THE GO BY CLICKING HERE Last month, the cost of groceries rose for the sixth straight month, and was up 2.4% compared to the same time last year. FOX Business' Megan Henney contributed to this report.
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