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The Price Of Chocolate Is Going Up

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© Kelsey Davis / USA TODAY NETWORK

(Hershey, PA)  —  You’re going to have to pay more for chocolate come this Halloween.  That means it’s going to cost more for Hershey’s Kisses, Reese’s Peanut Butter Cups and Kit Kats.  The Hershey Company announced that the price of its chocolates are going up by double digits.  Company officials say its due to the increasing cost of cocoa and other ingredients and the change is not related to tariffs or trade policies.  The increases are the result of bad weather and crop disease in Ghana and the Ivory Coast in Western Africa, where most of the cocoa is harvested.  Back in February, Hershey company President Michele Buck warned the increase in cocoa prices would put “significant pressure on 2025 earnings.”

 

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