Baskets overflowing with chocolate bunnies and pastel-colored marshmallows are a holiday staple, with Americans forecast to spend more than $5 billion on candy this Easter season. But this year, consumers will be paying more for less as cocoa costs continue to surge.
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'Shrinkflation' in the chocolate industry: What to expect this EasterThis year's Easter celebrations are set against a backdrop of record-breaking cocoa prices, with everyone from consumers to the entire chocolate industry feeling the pinch.
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Expert says stores may not offer steep discounts on post-Easter chocolate amid rising cocoa pricesThose looking to snap up cheap treats at their local grocery store next week following the Easter long weekend could be in for a bit of a surprise as the rising cost of cocoa continues to drive up the price of chocolate, one expert says.
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