Say it isn’t so! The cost of feeding your sweet tooth just went up; here’s how much
The cost of feeding your sweet tooth just went up.
Hershey’s increased prices Tuesday on Kisses, Mister Goodbar, Whoppers and other chocolate treats by about 8%.
Hershey’s also makes Reese’s Peanut Butter Cups and Kit Kat Bars.
The company blames the price hike on the higher cost of ingredients, transportation and utilities.
The cost of cocoa, dairy and nuts have “increased meaningfully” since the beginning of the year, said President Michele Buck. She expects the trend to continue in 2015.
The company does not expect the price change to impact its financial results until 2015.
Customers who buy directly from Hershey’s will be able to buy products at the old price for the next four weeks.