HERSHEY, Pa. (WHTM) — The Hershey Company is raising the prices of its products due to increasing inflation rates, Yahoo News reports. The prices for standard Hershey chocolate bars are up 17%, and King-Sized chocolate bars up 13%.
Several other products that are packaged in pouches are also seeing price increases.
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The report, which comes from an analyst at Goldman Sachs, blames the higher costs for raw materials and transportation for the price hikes.
A Hershey representative said the company is not commenting on the report.