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Americans are still excited to celebrate Halloween despite growing inflation.
The Halloween Spending Survey conducted by the National Retail Foundation revealed that consumers would spend $100.45 billion on the event this year.
Consumer data provider Statista also said Americans are willing to spend a combined $3.1 billion on candy for Halloween.
According to statistics from Datasembly, a product data platform for merchants, confectionery prices are currently 14% more than they were a year ago. According to statistics from S&P Global Market Intelligence according to CNN, price hikes are at their highest since 1999.
Snickers, which saw a 14% price hike and now costs an average of $7 for a 1-pound bag, was found to be the most costly Halloween treat. Reese’s and Twix are in second and third place, respectively, with average price hikes of 13% and $7 and $6 per 1-pound bag.
Skittles has the most significant price rise from the previous year, with a stunning 42% increase and an average cost of $4 per 1-pound bag.
