Halloween candy prices expected to jump 34%
The NRF estimates consumers will collectively dole out $3.1 billion in candy alone, outpacing last year's spending of about $3 billion. The total is second behind costume spending, at $3.6 billion.overall is expected to reach a record $10.6 billion, exceeding last year’s record of $10.1 billion. The NRF says Halloween is the second biggest retail event of the year.
PayPal Vice President of Shopping Greg Lisiewski told FOX Business that although families won't be dishing out less candy necessarily, they will be "more diligent about finding deals and discounts." The NRF says 67% of those surveyed plan to hand out candy.Shoppers are also starting their Halloween shopping even earlier to help lessen the sting ahead of the big day.
"The longer shopping season allows shoppers to spread the cost out and better integrate the higher price into their budget." Lisiewski said, adding candy has been on shelves since around Labor Day. According to NRF data, nearly half, 47%, of all Halloween participants already started shopping in September or earlier.
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