Halloween Costs Hit a Record $13.5 Billion as Cocoa, Fuel, and Tariff Effects Hit Shoppers

Cocoa has fallen, but shoppers haven't yet seen the full benefit
Economists say candy makers are still using cocoa bought during the 2025 price spikes.
Mark

A record $13.5 billion sounds huge, but is it mostly people buying more, or paying more?

Mimi

The NRF forecast is $400 million above 2025, and prices are clearly higher. A 100-piece candy bag is $16.96, up 3.5% in a year and 71% since 2021.

Luke

Careful, though. The reporting gives the total and the price rise, but not how much of the increase is price versus volume. We can't say from this.

Mark

Cocoa prices have fallen from their peak. Why is candy still so expensive?

Mimi

Economists say candy makers are still using cocoa they bought during the 2025 spikes, so the drop hasn't reached shelves yet.

Luke

That's the economists' explanation, and it's plausible, but the piece doesn't show company purchasing data. Also, Mondelez raised gummy prices 39% and Ferrero nearly 19%, and those are very different figures.

Mark

What about the milk chocolate labeling?

Mimi

Some products use cheaper ingredients and carry labels like "chocolate candy." Butterfinger, Rolo and Almond Joy contain 2% or less cocoa. Reese's changed some seasonal recipes, then promised to restore them in 2027.

Luke

And the forecast of rising prices through 2028 is one analyst's view, Phil Lempert's. It's a projection, not a confirmed trend.

Mark

So what can shoppers do?

Mimi

Compare price per piece, consider online candy, and make costumes from items they can't easily find.

  • A 100-piece candy bag now averages $16.96, 71% above its 2021 price, and the sting is felt at every checkout.
  • Americans are poised to spend a record $13.5 billion, with parents shouldering the heaviest load across several events.
  • Candy makers are cutting chocolate content and relabeling products as "chocolate candy," drawing public backlash that led Reese's to promise original recipes by 2027.
  • Costume sellers are passing along diesel surcharges and fulfillment costs, while shoppers shift toward stores and early purchases to dodge rush fees.
  • Cocoa prices have fallen from their peaks, but the relief has not reached shelves yet, and analysts expect costs to keep climbing through 2027 and perhaps 2028.

Each autumn a small, ritual pleasure of costumes and candy gathers Americans into a shared evening, and this year that ritual carries a heavier price tag. The National Retail Federation expects a record $13.5 billion to change hands for Halloween, while a single bag of candy now costs far more than it did just a few years ago. Behind the bowls and the disguises lie distant forces: cocoa harvests strained by heat and rain in West Africa, fuel costs that ripple through every truck and pallet, and tariffs that have settled into the cost of goods. The mood among shoppers is one of quiet adjustment, as families plan earlier, look for deals, and wonder whether the sweetness of the holiday can still be afforded.

A bag of assorted Halloween candy now costs an average of $16.96, according to FinanceBuzz. That is up 3.5% from last year and 71% above its price in 2021. Even so, Americans are on track to spend a record $13.5 billion on Halloween this year, according to the National Retail Federation, with about $400 million more than in 2025.

The candy aisle tells the story of a cocoa market slow to deliver relief. Cocoa prices have fallen from record highs, but candy makers are still working through supplies bought during the 2025 spikes. Heat waves and heavy rains in Ghana and Côte d'Ivoire, linked to climate change, hurt crops and fed the shortages. Some manufacturers have responded by using cheaper ingredients, and products with less cocoa now carry labels like "chocolate candy." Reese's drew backlash for changing its recipes and has promised to return to its originals in 2027.

Costumes face a different pressure. Chicago Costume's general manager says higher fuel surcharges and diesel costs for shipping are now the main burden, and tariffs have become part of the baseline. Fewer shoppers plan to buy online this year, and those who wait risk rush fees or late arrivals.

Families are adjusting. About half of shoppers started shopping in September or earlier, comparing price per pound and choosing homemade or simpler costumes. Economists see little relief ahead, with prices expected to keep rising through 2027 and probably 2028.

A 100-piece bag of assorted Halloween candy now costs an average of $16.96, according to FinanceBuzz. That is up 3.5% from last year and 71% above what the same bag cost in 2021. It is one of the plainer measures of why Americans are on track to spend a record $13.5 billion on Halloween this year, according to the National Retail Federation.

Candy alone accounts for a forecast $4.1 billion of that total. The NRF expects consumers to spend $400 million more than in 2025 and $1.9 billion more than in 2024, even with prices where they are. A PwC poll found the average person expects to spend about $263, and parents tend to spend the most because they are shopping for several Halloween events. A WalletHub survey found that two-thirds of Americans think Halloween has become too expensive.

The candy aisle reflects a cocoa market that has been slow to pass along relief. Chocolate prices are expected to be 8% higher than last Halloween, according to the Wells Fargo Agri-Food Institute. Mondelez, which makes Sour Patch Kids and Swedish Fish, raised prices on gummy candy packs by 39%. Ferrero, whose brands include Butterfinger, Crunch and Baby Ruth, raised chocolate pack prices by nearly 19%.

Cocoa prices have fallen from record highs in 2024 and 2025. Economists say shoppers have not yet seen the full benefit, because candy makers are still using cocoa bought during the 2025 spikes. Much of the world's cocoa comes from Ghana and Côte d'Ivoire in West Africa, where heat waves and heavy rains linked to climate change hurt crops in 2025 and contributed to shortages. Higher U.S. tariffs on cocoa-producing countries also played a part, though levies on cocoa and other commodities that can't be grown in the U.S. were removed last November.

Some manufacturers have cut costs by swapping traditional milk chocolate ingredients for cheaper ones such as vegetable oil. Products that fall short of the official definition can be labeled "chocolate candy," "chocolatey" or "chocolate coating." Under federal rules, milk chocolate must contain at least 10% cocoa mass and solids, so Butterfinger, Rolo and Almond Joy, which contain 2% or less, carry the "Chocolate Candy" label. Reese's also changed its classic recipe in certain products, such as limited-edition and seasonal candies, to use less chocolate. After backlash, the company said earlier this year it will return to its original recipes in 2027.

Costumes face a different pressure. Cortland Hickey, general manager of Chicago Costume, told CBS News that higher transportation and fulfillment costs are driving prices. Tariff costs, he said, are "pretty much baked into the products" rather than a surprise as they were last year. Now the burden comes from fuel surcharges and diesel costs for goods arriving on pallets and truckloads. Online shopping is less popular this year, with 27% of consumers planning to buy online, down from 31% in 2025, the NRF says. Last-minute online buyers risk rush shipping fees or a costume that arrives after Halloween.

There are ways to spend less. Phil Lempert, editor of the Lempert Report, said ordering candy on Amazon "is going to be a lot less expensive." Comparing price per piece or per pound can also help, since some chocolate assortments cost nearly twice as much as bags of gummy candy. Hickey suggests skipping prepackaged costumes and buying items people are less likely to own or make, such as specific wigs, face paint, special makeup and props. About half of shoppers began in September or earlier to spread out costs and hunt for deals, the NRF found.

Lempert does not expect relief soon. Citing climate effects on cocoa and higher fuel prices, among other factors, he said prices will keep rising "through 2027 and probably 2028."

The tariff costs are pretty much baked into the products as opposed to being a surprise like they were last year.
— Cortland Hickey, general manager, Chicago Costume
We're going to see these prices go up through 2027 and probably 2028.
— Phil Lempert, editor of the Lempert Report
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