Hershey raising candy prices 8%

Discussion in 'Politics, Religion, Social Issues' started by senseless, Jul 17, 2014.

  1. senseless macrumors 68000

    senseless

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    #1
    Hershey is raising prices by 8%.
    In the latest sign that inflation could be coming down the pike, the chocolate giant, which has a market cap of about $21 billion, is boosting prices in response to commodity prices.

    The Fed's preferred measure of inflation — core PCE — excludes the cost of food and gas, but following last week's commentary from retailers about the state of the U.S. consumer, these price increases can squeeze budgets without showing up in official statistics.

    http://www.businessinsider.com/hershey-raising-prices-july-15-2014-7
     
  2. iBlazed macrumors 68000

    iBlazed

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    #2
    One word: Obamacare :rolleyes:

    On an unrelated not, lot's of people think Hershey's chocolate tastes like vomit. Literally. I rather like it actually.
     
  3. Menel macrumors 603

    Menel

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    #3
    really... You don't say
     
  4. malman89 macrumors 68000

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    #4
    Increase it 80% so parents stop feeding their fat kids it.
     
  5. G51989 macrumors 68030

    G51989

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    #5
    Nothing wrong with sweets.

    Just feel them good sweets, not air and wax ;)
     
  6. The Doctor11 macrumors 603

    The Doctor11

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    #6
    I heard about this. I dont like it but I get why they are doing it.
     
  7. The-Real-Deal82 macrumors 601

    The-Real-Deal82

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    #7
    Very little Hershey's chocolate is sold here in the UK. Having tried it I think Cadbury's beats it hands down and Belgian chocolate is another level again. Raising the prices would have very little impact to imported chocolate I think.
     
  8. vrDrew macrumors 65816

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    #8
    The same factors that led Hershey's to increase their prices are inevitably going to cause UK chocolate makers to raise theirs too.

    Basically the world price for cocoa butter, the ingredient that makes chocolate all silky and chocolately, has more than doubled over the past two years.

    I agree with those who say Hershey's is yucky chocolate. But I'm afraid your delicious Flakes and Yorkies are going to cost a few more pence in the coming months.
     
  9. G51989 macrumors 68030

    G51989

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    #9
    Hershey's was supposedly pretty awesome back in the day, until they cheaped it up.

    I personally prefer Yorkie bars the most
     
  10. sviato macrumors 68020

    sviato

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    #10
    How about increasing quality by 8% so that they don't taste like cardboard
     
  11. G51989 macrumors 68030

    G51989

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    #11
    Because your run of the mill American hates flavor
     
  12. bradl macrumors 68040

    bradl

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    #12
    Doesn't really bother me. Ever since I discovered the Timtam, Hershey's, let alone M&M/Mars just doesn't cut it.

    I'd take the Timtam, Coffee Crisps (Nestle Canada), Ferrero Rocher, or Toblerone over Hersheys and Mars, keeping in mind that none of this is in any excess.

    BL.
     
  13. steve knight macrumors 68020

    steve knight

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    #13
    Americans never cheap it up. we just make "improvements"
     
  14. thekev macrumors 604

    thekev

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    #14
    Speak for yourself sir:mad:. Ever tried Teuscher chocolates? They aren't loaded with preservatives so you have to consume them within a couple weeks of purchase. The only thing I don't like is that they're a bit sweet. House of Anvers is good too, but I don't know where to find them in the US.
     
  15. rdowns macrumors Penryn

    rdowns

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    #15
    8%. ****, Hershey bars were 7¢ when I was a kid.
     
  16. tshrimp, Jul 18, 2014
    Last edited: Jul 18, 2014

    tshrimp macrumors 6502

    tshrimp

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    #16
    I do like me some Cadbury (cream eggs and caramel covered in chocolate), but hard to beat the camp out with the kids and breaking out the goodies for a S'more.

    ----------

    Yep...and we had to walk to school every day in the snow..uphill both ways :)... and we liked it.


    Bad chocolate = Palmer.
     
  17. Naimfan macrumors 68040

    Naimfan

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    #17
    Hershey? Don't they have a theme park somewhere? ;)
     
  18. steve knight macrumors 68020

    steve knight

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    #18

    Yes eliminate Palmer and there will be more chocolate for the good guys.
     
  19. satcomer macrumors 603

    satcomer

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    #19
    I remember that too.
     
  20. Desertrat macrumors newbie

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    #20
    Heh. For a nickel: Cokes, Hershey bars, chewing gum, coffee, newspapers and cigars. :) In 1950, a pack of Camels at a Walgreens was $0.18. Top-end hamburgers were $0.25. Gasoline $0.18.

    Next time you go past the Echols Building, nod and say, "Thanks, Fed folks."
     
  21. hulugu macrumors 68000

    hulugu

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    #21
    A couple of things are happening here.

    First, there's a shortage of the bean driven by economics, a disease called frosty pod root, and shifts in the climate of the narrow band of places that the cocao trees grow.

    Second, there's a rising demand for chocolate especially in Asia.


    So, while it's easy to blame inflation, the big driver of this price change is classic economic pressures.
     
  22. LIVEFRMNYC macrumors 604

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    #22
    In 1950, minimum wage was $0.75hr.
     
  23. senseless thread starter macrumors 68000

    senseless

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    #23
    Going by that, the minimum wage would have to be $15 per hour to purchase all those items today.
     
  24. Desertrat macrumors newbie

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    #24
    Six bits an hour was a pretty good raise from the Depression-era ten cents.

    Grocery stores could hire guys for a ten-hour day at 10 cents. Dust, sort cans, sweep floors. Sit down to rest, get fired--and one of ten guys waiting outside would move in for the job.

    Guys would hang out at the courthouse steps, hoping for jury duty and the small amount of juror pay.

    Outdoor grunt labor in 1940/1941 paid $1.25 a day.

    In 1942, my grandfather became principal over four elementary schools in Austin, Texas. 37 years of experience, including superintendent of schools in Hereford until he moved to Austin in 1922. Taught math in high school until the appointment as principal. $285 per month.
     
  25. TechGod macrumors 68040

    TechGod

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    #25
    Actually, the Hershey's here is really good. Are there differences between chocolates in countries?
     

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