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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Retailhalloween candy

Halloween candy prices are getting scary. One chocolate bar brand costs 53% more than last year

By
Martine Paris
Martine Paris
and
Bloomberg
Bloomberg
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By
Martine Paris
Martine Paris
and
Bloomberg
Bloomberg
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October 21, 2022, 5:22 PM ET
Halloween candy prices are rising higher than inflation.
Halloween candy prices are rising higher than inflation. Tayfun Coskun—Anadolu Agency/Getty Images
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Shoppers are getting spooked in the candy aisle.

The cost of sweet treats has reached frightful highs, up 13% year-over-year in September, according to US inflation data. The price of certain brands is soaring far higher than others.

Twix is up a whopping 53%, Skittles has jumped 41% and Reese’s has risen 35% over last year, according to retail analytics firm, Datasembly. Other names like Nestlé Crunch and Butterfinger are up a more modest 4% to 5%.

Factors driving the surge in prices include logistics issues, energy costs, and short supplies of some ingredients, said Datasembly Chief Executive Officer Ben Reich. Gouging might be at play but that’s harder to assess, he said. 

Shoppers have been pulling back on spending, trading down to cheaper alternatives and hunting for bargains as fears of a recession loom. Deloitte is forecasting a slowdown in holiday shopping from November to December versus a year earlier. But whether inflation will take a bite out of Halloween remains to be seen. A survey by the National Retail Federation found that nearly half of shoppers surveyed stocked up early, before prices began to take off.

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