Easter Chocolate Prices Surge by Up to 50% Amid Shrinking Sizes
Global cocoa shortages and rising production costs drive sharp increases in Easter chocolate prices, with some products becoming significantly smaller.
- Easter eggs and related chocolate products have seen price increases of up to 50% per 100g compared to last year, with some items shrinking in size.
- The price of chocolate has risen by 16.5% year-on-year, far outpacing the 4.4% increase in overall supermarket food and drink prices.
- Global cocoa production has dropped significantly due to climate change, leading to record-high cocoa costs and impacting chocolate pricing worldwide.
- Major manufacturers like Mars and Nestle attribute the price hikes to rising cocoa and manufacturing costs, with some products adjusted in size to manage pricing.
- Consumer advocates recommend seeking discounts or waiting until Easter Sunday for potential price reductions on chocolate products.