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Tags: inflation | halloween | candy | prices

US Is Getting Inflation in the Scariest of Places: Halloween Candy

US Is Getting Inflation in the Scariest of Places: Halloween Candy
(Getty Images)

Tuesday, 27 October 2015 07:46 AM EDT

The Federal Reserve is almost universally expected to keep its policy rate close to zero at the conclusion of Wednesday's meeting.

But those monetary policymakers who might be in favor of a Hallo-hike have some thematically pertinent statistics to point to: the rising prices of goodies for trick-or-treaters to take home.

After years of quantitative easing failed to turn the U.S. into the Weimar Republic, as some feared, dressing up as the Inflation Boogeyman might actually be somewhat appropriate this year.

IHS Global Insight Economist Chris Christopher forecasts that candy prices, defined as the annual change in the candy and chewing gum sub-index of the Consumer Price Index, is poised to rise 4.2 percent in October:

Adding to the stress for Halloween shoppers: Cocoa prices have also been on a sustained uptrend, with some farmers blaming the effects of El Nino patterns that are taking shape.

Spending on Halloween candy is expected to creep up a modest 0.7 percent, its lowest pace of growth since 2009. However, the economist still deems this to be a solid showing, building off of a 5 percent jump in 2014.

"Americans are likely to spend billions on Halloween candy, costumes, and other ghostly paraphernalia this year," wrote the economist. "Halloween consumer spending on candy is expected to reach $2.2 billion, almost $18 per household."

For parents who don't mind playing the Grinch a few months early, Christopher notes that deep discounts on candy will likely be offered on Sunday, Nov. 1.


© Copyright 2022 Bloomberg News. All rights reserved.


Economy
The Federal Reserve is almost universally expected to keep its policy rate close to zero at the conclusion of Wednesday's meeting.But those monetary policymakers who might be in favor of a Hallo-hike have some thematically pertinent statistics to point to: the rising prices...
inflation, halloween, candy, prices
247
2015-46-27
Tuesday, 27 October 2015 07:46 AM
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