Article 703XN Taking the biscuit: consumers spend more but get less as chocolate prices rise by 15%

Taking the biscuit: consumers spend more but get less as chocolate prices rise by 15%

by
Zoe Wood
from Economics | The Guardian on (#703XN)

Poor cocoa harvests have triggered multiple rounds of shrinkflation while luxury brands struggle to make profits

Whether it's a favourite bar, biscuit or indulgent hot drink, feeding a chocolate habit costs more than it used to.

The price of the chocolate on shop shelves climbed by 15.4% in the year to August, according to the latest cost of living snapshot.

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