It’s mid-afternoon and the craving for something sweet sets in. Unfortunately, much like everything else, chocolate prices are increasing too. And here we thought eating healthy was expensive.
According to ABC 27, the Hershey Company will be raising its prices due to inflation. The cost of a standard-sized Hershey chocolate bar is up 17% while King-Sized products are up only 13%.
Their other products are also increasing in price.
An analyst at Goldman Sachs reported on the chocolate prices increasing and pointed to the raw materials and transportation costs rising. As a result, this affects the price of the products.
At this point, we are not really surprised, as we continue to watch gas prices remain high, and our grocery bills continuing to rise week after week. Even when trying to shop on a budget, it’s becoming harder and harder to maintain.
When it comes to saving money, Consumer Reports offers a few tips:
- Food Costs: Utilize any promotions offered at stores to stock up your pantry and freezer. Warehouse clubs and discount stores may also help you save a bit.
- Gas Costs: You can usually find cheaper gas at warehouse clubs. Also, check popular websites and apps known for helping drivers find the cheapest gas around. When taking a trip, try to fill up in states/cities where there are lower gas taxes. Also, when driving, stick to the speed limits and remove any additional/unnecessary weight that can create drag.
- Major Appliances: Now is not the time you want to replace a major appliance, but if you need to keep in mind- some retailers give better savings when you bundle products (say you’re upgrading the kitchen with all new appliances). Also, compare prices. Thankfully this is fairly easy with a simple search online. And if you can– wait until special sales which usually take place around holidays.
- Internet and Phone Services: Some providers have increased prices and also have data caps. Consider switching to a different phone plan. Also, some lower-income families may qualify for federal programs to help. Another option is to cut the cord, and ditch cable. Often, you can try negotiating with your cable or internet provider for a cheaper rate.
For additional savings ideas, check out the rest of the list here.