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Halloween Spending Set to Hit Record Even as Tariffs and Cocoa Shock Push Up Prices

Higher costs this season stem from a 30% tariff on Chinese imports alongside a severe cocoa shortage.

Overview

  • The National Retail Federation projects $13.1 billion in Halloween sales, averaging $114.45 per person, with costume spending expected at $37.62, up 11% from last year.
  • Retailers report tariff pressure on seasonal goods, with Spirit Halloween citing storewide increases under the 30% rate on Chinese imports and industry groups warning of tighter inventory.
  • Cocoa prices have more than doubled since early 2024 after sharp output drops in Ivory Coast and Ghana, lifting chocolate costs and nudging some shoppers toward cheaper non‑chocolate treats.
  • Consumers, especially Gen Z and millennials, are leaning into thrifted, reused and DIY options, with Nielsen IQ tracking the shift and Huntsville thrift stores reporting heavy costume sales.
  • Business strain is emerging as Trick or Treat Studios ties layoffs to tariff costs, the White House defends the policy, and the president threatens tariffs of up to 155% on Chinese goods starting Nov. 1 without a new deal.