As the Easter holidays approach, higher cocoa prices mean shoppers are paying far more for their chocolate eggs and bunnies. As the Easter holidays approach, higher cocoa prices mean shoppers are paying far more for their chocolate eggs and bunnies. But that’s just the tip of the iceberg.
That means even higher prices for households as those moves feed through to retailers. But already, U.K. shoppers are paying more for chocolate, and sometimes getting less for their money, what’s known as “shrinkflation.” In Brazil, where Easter is a major celebration, chocolate egg prices recently became an internet meme when some stores advertised that people could buy them with loans and payment installments.
The price increase is also a reminder that while headline inflation rates are easing around the world, surges in individual commodities can still put the squeeze on consumers. Chocolate may be seen as more a luxury than a necessity, but brands like Kit Kat and Snickers are often regular parts of weekly shopping baskets.
In the U.S., the average unit price of chocolate eggs is up 12% over the past year, data from researcher NIQ shows. The cost of some popular Easter eggs in the UK has soared by up to 50%, according to consumer group Which? And there’s no relief in sight given what looks like an unstoppable rally, with production shortages expected to persist into the next season. More pain lies ahead when cocoa booked at current sky-high prices will be used for upcoming holidays like Halloween and Christmas.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Easter Sunday and the Easter BunnyThe date of Easter Sunday changes each year based on the lunar calendar. This year, it falls on March 31. The Christian holiday is also celebrated by children with chocolate bunnies and egg hunts. The Easter Bunny's favorite workday has not been replaced by the Transgender Day of Visibility. A new Missouri bill aims to put teachers on the sex offense registry if they support transgender students' social transition.
Source: PolitiFact - 🏆 17. / 71 Read more »
Best customizable Easter baskets for everyone you loveGet personal this Easter with the best customizable Easter baskets for family and friends.
Source: CBSNews - 🏆 87. / 68 Read more »
Easter 2024: free Easter bunny photos, brunch specials and egg hunts in the ValleyNicole Gutierrez is ABC15's ‘Things to Do’ reporter, focusing on stories highlighting local community gems, family attractions, restaurants and local haunts.
Source: abc15 - 🏆 263. / 63 Read more »
Easter bunny teaches kids 'true meaning' of Easter in new book with faith focus'The Story of the First Easter Bunny,' a new book by New Jersey author Anthony DeStefano, works to claim the Easter Bunny as a Christian symbol and teach kids the real meaning of Easter.
Source: FoxNews - 🏆 9. / 87 Read more »
Amazon's Big Spring Sale Offers Deep Discounts on Easter Decor and GiftsHidden like Easter eggs in Amazon's Big Spring Sale are markdowns on best-selling Easter decor, candy, baskets, gift ideas, and more. If you're puzzled about what will wow your loved ones this Easter, Amazon has hundreds of the hottest toys and gifts on sale right now. Need to fill your Easter baskets? Score delicious chocolate bunnies, candy eggs, and creative activities at deep discounts that those of any age will enjoy. We even found adorable Easter home decor for less. Below, shop our roundup of the best Easter deals to shop during Amazon's Big Spring Sale, running from March 20 through March 25. Ahead, shop These blooming tulips look like the real thing but will last much longer. They'd make a great centerpiece on the table during Easter dinner.
Source: etnow - 🏆 696. / 51 Read more »
LVMH’s Métiers d’Art uplifts mythology from West, Central AfricaFrench artist Josèfa Ntjam has installed 12 sculptures in Paris as part of her residency with the luxury conglomerate.
Source: LuxuryDaily - 🏆 325. / 59 Read more »