Hershey announced it is raising it’s prices by about 10%.
Many industry observers expect Hershey’s competitors to follow. The entire industry is facing huge price increases for raw ingredients. The cost of sugar has more than doubled in the past year . Hershey said that it could no longer absorb the higher expenses.
In addition to its signature chocolate bar, Hershey makes Kit Kat, Reese's Peanut Butter Cups, Twizzlers, and Hershey Kisses. It is not just the cost of ingredients that are rising. Hershey also said it is paying more now for fuel, utilities and transportation.
=====> Inflation Hits Chocolate Candy Prices
No comments:
Post a Comment