Once again, halloween candy’s price has risen dramatically

All the parents/adults that are rushing to buy halloween candy today and tomorrow might not be all that happy. This is because the price for candy and gum have risen by 13%, which is more than double the 6% increase in the price of groceries. The term for those increases is Inflation (explained at end of article). The same thing happened last year in October 2022, in which the prices for these items rose by 14%. This massive price increase has caused nearly ⅓ of American candy buyers to buy less candy or value/store brands, which are usually cheaper. The main reason for this increase is weather, since rains in West Africa caused less candy production. 

End of Article Quiz:

If you get all 3 questions correct, or close to correct, it means you understood the article. (Answer key below)

1. How much more have the candy prices risen compared to grocery prices?
2. Due to these price increases, what have many American buyers decided to do? 
3. What is the main reason candy prices have increased?

Inflation definition:

Simple definition: Inflation happens when prices increase, or when money loses its value. While Inflation sounds bad, it is still necessary, and one reason is because it makes it so that consumers/customers don’t wait for lower prices when buying something, which slows down the flow of money. Too much inflation is bad though, because it causes savings and people’s income to lose value. 

Source: https://www.ksl.com/article/50768041/less-boo-for-your-buck-for-the-2nd-halloween-in-a-row-us-candy-inflation-hits-double-digits 

Answer Key:

1. Candy prices have risen more than double the amount of grocery prices
2. They have decided to buy less candy, or buy cheaper brands, such as value or store brands
3. Heavy rains in West Africa that caused less candy production.