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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Retailhalloween candy

Halloween candy prices are getting scary. One chocolate bar brand costs 53% more than last year

By
Martine Paris
Martine Paris
and
Bloomberg
Bloomberg
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By
Martine Paris
Martine Paris
and
Bloomberg
Bloomberg
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October 21, 2022, 5:22 PM ET
Halloween candy prices are rising higher than inflation.
Halloween candy prices are rising higher than inflation. Tayfun Coskun—Anadolu Agency/Getty Images
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Shoppers are getting spooked in the candy aisle.

The cost of sweet treats has reached frightful highs, up 13% year-over-year in September, according to US inflation data. The price of certain brands is soaring far higher than others.

Twix is up a whopping 53%, Skittles has jumped 41% and Reese’s has risen 35% over last year, according to retail analytics firm, Datasembly. Other names like Nestlé Crunch and Butterfinger are up a more modest 4% to 5%.

Factors driving the surge in prices include logistics issues, energy costs, and short supplies of some ingredients, said Datasembly Chief Executive Officer Ben Reich. Gouging might be at play but that’s harder to assess, he said. 

Shoppers have been pulling back on spending, trading down to cheaper alternatives and hunting for bargains as fears of a recession loom. Deloitte is forecasting a slowdown in holiday shopping from November to December versus a year earlier. But whether inflation will take a bite out of Halloween remains to be seen. A survey by the National Retail Federation found that nearly half of shoppers surveyed stocked up early, before prices began to take off.

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