New inflation report shows massive jump in candy prices

Ever grabbed a candy bar at checkout and thought, wait… when did this get so expensive? It’s not all in your head. 

A new U.S. inflation report shows candy and chewing gum prices jumped sharply in February, rising far faster than many other grocery items. According to the latest Consumer Price Index report from the U.S. Bureau of Labor Statistics, the price of candy and chewing gum rose 3.7% in February alone.

The increase helped push grocery prices higher overall, with food at home rising 0.4% for the month and 3.1% over the past year.

So while inflation across the economy has cooled compared with previous years, some everyday items are still creeping up in price.

It’s not just candy

While candy was one of the standout increases, it is not the only food category going up. Prices for fruits and vegetables rose 1.4% in February, while nonalcoholic beverages climbed 0.8%.

Eating out did not escape inflation either, with the index for restaurants and fast food rising 0.3% in February.

However, the grocery aisle is still a bit of a mixed bag, as other staples are moving in different directions. Dairy prices dipped slightly, and cereal and bakery products edged down after rising earlier this year.

Inflation hits differently when it reaches the candy aisle

Candy might not seem like a major economic indicator. But small indulgences often reflect inflation in ways consumers notice quickly.

When the price of a chocolate bar or a pack of gum jumps, it stands out because those purchases are so routine. Those little price bumps are often the first signal that some everyday costs are still creeping upward and even the little treats are starting to cost a little more.

Source: U.S. BLS