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Trick-or-treating this Halloween may not produce as many treats as in recent years due to record levels of inflation making confectionery more costly.

According to the most recent federal government inflation estimates, the price of sweets and chewing gum increased by 13.1% last month, the largest increase ever recorded.

Analysts believe the high price increase is due to the rising cost of sugar, which was worsened this year by drought conditions that harmed beet-sugar production in the country’s north.

The entire cost of sugar and sweets increased by 14.4%, according to the Bureau of Labor Statistics. According to the BLS, the cost of sugar and sugar substitutes increased by a remarkable 17.1% last month.

Trick-or-treating this Halloween may not produce as many treats as in recent years due to record levels of inflation making confectionery more costly.

According to the most recent federal government inflation estimates, the price of sweets and chewing gum increased by 13.1% last month, the largest increase ever recorded.

Analysts believe the high price increase is due to the rising cost of sugar, which was worsened this year by drought conditions that harmed beet-sugar production in the country’s north.

The entire cost of sugar and sweets increased by 14.4%, according to the Bureau of Labor Statistics. According to the BLS, the cost of sugar and sugar substitutes increased by a remarkable 17.1% last month.

Overall, the Consumer Price Index grew 8.2% in September, above expectations, owing to persistently high rent and food costs.

Core inflation, which excludes volatile food and energy costs, rose to 6.6% in September from 6.3% in August.

The yearly core growth was the highest since August 1982. Core prices grew 0.6% month on month.

According to Dow Jones statistics, experts projected the September CPI report to show a monthly increase of 0.3%, up from 0.1% in August.

Consumer prices were expected to rise 8.1% year on year, down from 8.3% in August.


What do you think of that inflation surge? Please let us know in the comments.