As Halloween approaches, U.S. consumers are seeing some savings as they purchase candy for October 31st. The Consumer Price Index (CPI) measures the changing cost of goods and services over time. While the CPI for all goods is commonly known as a measure of inflation, we can use subsets of CPI data to track the price changes of specific goods, such as candy and chewing gum. The price of candy this time of year is the lowest it’s been since 2014. If consumers spend the same amount on candy as the past two years, this may translate to more sweets for trick-or-treaters!
This blog reflects Chmura staff assessments and opinions with the information available at the time the blog was written.
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