'Consumers Are Feeling Spooked': Trump's Failed Economic Policies Send Price of Halloween Candy Soaring
"Trick-or-treaters will have to make due with miniature candy bars this year to accommodate Trump’s king-size price hikes."
President Donald Trump's illegal war with Iran and his global tariffs have tag-teamed to jack up the price of Halloween candy, according to a report published Tuesday.
The new analysis by Groundwork Collaborative and The Century Foundation finds that the price of popular Halloween candy has increased by more than 15% during the last year, which is several times the overall rate of inflation over the same period.
The biggest jump in price came from candy maker Mondelez, whose sour gummy candy variety pack saw its price shoot up by more than 39% in the last year.
Other notable price hikes included the Hershey variety pack, which increased by nearly 20%; the Ferrero chocolate pack, which increased by 19%; the Mars chocolate variety pack, which increased by over 13%; and Tootsie seasonal lollipops, which increased by over 7%.
The report notes that Trump's illegal Iran War and his aluminum tariffs have had an impact on candy prices by driving up packaging costs for sweets.
However, the report also points the finger at the candy companies, which have continued to raise prices even after receiving a tariff exemption for cocoa and getting refunds for illegal tariffs Trump charged them last year.
"Hershey’s profit margin jumped 50% year over year, helped by pocketing a $9 million tariff refund that never made its way back to shoppers," the report notes, "while Mondelez saw a similar 30% bump in margins."
Kyle K. Moore, chief economist at The Century Foundation, said that Trump's policies had helped turn "a fun family tradition into another terrifying bill."
"With debt and high prices eating into families’ Halloween budgets," said Moore, "it's no wonder consumers are feeling spooked."
Elizabeth Pancotti, vice president of policy and advocacy at Groundwork Collaborative, pointed out that consumer sentiment recently hit record lows, as Americans are also struggling with the rising costs of gasoline and groceries.
"Trick-or-treaters will have to make due with miniature candy bars this year to accommodate Trump’s king-size price hikes," Pancotti said.
A Sunday report in The Cleveland Plain Dealer highlighted an additional reason for the high price of Halloween candy: The price of sugar, which has been affected by "poor weather and weaker production forecasts in several major sugar-producing regions."
A survey released earlier this month by Lending Tree found that Americans expect to spend significantly less on Halloween overall this year, with 23% saying they plan to buy fewer overall Halloween items compared to a year ago, while 24% said they expected to go into debt while celebrating the holiday.
Data released by the US Bureau of Labor Statistics last week showed inflation in September rising to its fastest level in six months, driven in large part by costs related to the Iran War.
