The Brief

A new report reveals that U.S. consumers will likely face elevated chocolate prices this coming Halloween.

The findings were published Thursday by Wells Fargo’s Agri-Food Institute.

Americans to face high chocolate prices ahead of Halloween

What they're saying:

"Expect continued high prices for chocolate treats this Halloween as the price of cocoa has more than doubled since the beginning of 2024 with peak prices hitting consumers in late 2024," the report said.

With cocoa prices remaining at or near record highs, the report said industries that rely on this commodity are having to raise prices to remain profitable.

Why is cocoa more expensive?

Big picture view:

According to the report, the reason for the cocoa surge is supply driven due to changing weather patterns acro

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