Hershey's will not raise Halloween candy prices, but will increase prices on other chocolate products this fall by low double-digit percentages due to rising cocoa costs. Other chocolate makers like Lindt and Nestle have already implemented price hikes, citing record-high cocoa prices caused by poor weather and disease in West Africa. Despite a recent decrease from December's peak, cocoa prices remain significantly higher than two years ago, creating market volatility. This price increase impacts consumer demand, with unit sales of chocolate declining.

Prepared by Christopher Adams and reviewed by editorial team.