Candy prices up this year: how to save this Halloween

Candy prices up this year: how to save this Halloween

Assessment

Interactive Video

Information Technology (IT), Architecture

University

Hard

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The video discusses the rising prices of candy, particularly chocolate, due to increased cocoa costs. Paul Picton, a chocolatier, highlights the challenges faced by the industry, including a projected 14% drop in global cocoa production. Consumers can expect higher prices for chocolate in 2024 and 2025. While some candies like Starburst and Jolly Ranchers have seen price drops, others like Twix have increased. Shopping expert Trey Bodge suggests buying in bulk and waiting for last-minute deals to save money. The video concludes with advice to be understanding of price hikes as companies strive to maintain quality.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason for the increase in chocolate prices according to Paul Picton?

Higher demand for chocolate

Increased cocoa prices

New chocolate flavors

Improved packaging

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the projected decline in global cocoa production according to the Wells Fargo report?

14%

10%

20%

25%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which candy was found to be the most expensive per ounce?

Twix

Three Musketeers

Skittles

Jolly Ranchers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one strategy suggested by Trey Bodge to save money on candy?

Shop at luxury stores

Buy only premium brands

Avoid buying candy

Purchase in bulk

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is a good time to buy candy for Halloween to get lower prices?

On Halloween day

Two weeks before Halloween

The day before Halloween

A week before Halloween