Global chocolate prices are soaring due to rising cocoa costs, impacting Easter spending. Major brands like Mondelez have raised prices up to 15%, leading to 'shrinkflation' with smaller products at higher prices. Retailers face potential losses of $1.6 billion as Americans are expected to spend billions on Easter candy, with a 7% decline in sales from last year. The average unit price of a chocolate egg has risen by 12% over the past year, with some popular brands seeing a nearly 50% price increase. Chocolate manufacturers are responding by reducing candy bar sizes or promoting products with less cocoa content.
What do you think is the top Easter candy in Texas? https://t.co/IanpldfSWB https://t.co/VB9jWX3rAw
Retail chocolate prices are rising (and will increase much further, while shrinkflation will reduce sizes) after wholesale cocoa prices increased to $10,000 a ton this week, per Javier Blas of Bloomberg: https://t.co/do8ndeQQuD
f you are wondering if Easter eggs are more expensive this year, then you are right. Some popular brands across the world have seen their prices increase by almost 50 percent. Why? https://t.co/TDR6niks7p
BUSINESS: Bloomberg reports that chocolate manufactures are dealing with the 'unrelenting' increase in cocoa prices by 'reducing the size of their candy bars' or 'promoting products with less cocoa'.
#HappyEaster! Hope you enjoyed paying more for your chocolate bunnies and jelly beans! Sugar tycoons are happy. They make millions from sugar subsidies, while you and candy makers foot the bill: https://t.co/hoyPSOGmOY
Have you had to pay more for your Easter eggs this year?🍫 🧵Find out why changing climate patterns may have had something to do with it👇
BUSINESS: The average unit price of a chocolate egg has increased by 12% over the past year. https://t.co/jLYV5PWaeK
Good Morning from Germany, where Easter festivities have become significantly more expensive this year. Since end of 2021, prices for eggs have risen by 21% & chocolate bars by as much as 33%. Headline consumer price index, has "only" risen by 13%, @BarkowConsult has calculated. https://t.co/wcRfc9W41Q
🇬🇧 "Eggflation" hits shoppers amid Easter cocoa price crisis https://t.co/p4kK5OWJSI
Americans are expected to spend billions of dollars on Easter candy in 2024 — and you’d better believe a large portion is going toward chocolate eggs. What's your Easter candy pick? https://t.co/SIiFd9r5YZ
Easter shoppers still sweet on Darrell Lea as costs bite https://t.co/MSGyd0SIDv
Americans are spending $22 billion on Easter this year — here’s where it’s all going https://t.co/vD8c9Xift8 https://t.co/yIci2cw3Kq
🐰 Easter sales will total $22.4 billion in 2024, according to the National Retail Federation — a 7% decline from last year. https://t.co/V2GYLMgI08 https://t.co/mtFqCMobEV
"The kind of chocolate bar that we’re used to eating, that’s going to become a luxury... [and] it’s going to be twice as expensive." Chocolate prices to keep rising as West Africa’s cocoa crisis deepens. — in pictures https://t.co/Of8GpLW8H9 https://t.co/uYYOvqKjEj
The price of candy is going up, but that is not stopping people from spending a record amount of money this Easter. CBS News' Ivan Rodriguez reports. https://t.co/xsrs7cCfTB
As Easter approaches, a survey from the National Retail Federation indicates consumer spending is expected to reach a total of $22.4 billion this year. https://t.co/ckbUjTdI0D
Shrinkflation… https://t.co/QaGnEo1mHw
Inflation… https://t.co/QaGnEo1mHw
🇺🇸 Easter falls really early this year. Why that could cost retailers $1.6 billion https://t.co/iobvHQwayv
Chocolate prices are expected to hit record highs just in time for Easter. https://t.co/3QIUcFBkfU
‘Shrinkflation’ is coming for your Easter egg Higher prices for smaller products are drawing the ire of politicians on both sides of the Atlantic https://t.co/0bFL3VnCYi
It’s a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits Chicago-based Mondelez, which owns the Toblerone and Cadbury brands, said it raised chocolate prices up to 15% last year https://t.co/LJURtoTCQi
It's a bittersweet #Easter for #Chocolate lovers but big companies see profits https://t.co/tLXLGI7l8k
Luxury eggs at expensive prices are one thing, but could they be better value than a supermarket bought egg? Hannah Twiggs looks at the soaring costs of Easter treats this week and unpicks the truth about what you are really getting for your money 👉 https://t.co/XxqZAu9zPy https://t.co/9Blnj4hR0F
'Oh you climate change deniers are going to love this...' @Matthew_Wright breaks down why chocolate Easter Eggs have soared in price since last year. https://t.co/gwIvWP6JfQ
Why global cocoa prices are skyrocketing: [Via @axios] https://t.co/5LmqJFX6RV https://t.co/zEFFtxw4YZ
🇬🇧 ‘Shrinkflation’ is coming for your Easter egg https://t.co/7o33NWG4Au
Saskatoon chocolate shop prepares for Easter amid looming price jump https://t.co/F7fZ5fXjbs https://t.co/2XAj2OU37V
Australians are set to feel the pinch of the Easter bunny's visit this year, with many spending an average of $57 on chocolate as the price of cocoa rises. Find out why: https://t.co/VMlGggwGcd https://t.co/bw2iYxbLSE