Candy prices in the United States are soaring right before Halloween due to rising inflation.
American consumers are expected to spend a record $10.14 billion on Halloween this year, up from $8.05 billion in 2021, according to the National Retail Federation.
Trick-or-treating and Halloween parties are making a comeback after the pandemic curtailed such festivities.
“Americans plan to spend more than ever to make this Halloween a memorable one,” said NRF president and CEO Matthew Shay.
The average consumer is expected to spend $102.74 on costumes, candy, decorations, and greeting cards, according to the NRF’s annual survey, conducted by research firm Prosper Insights & Analytics….