Hershey's 5th Avenue candy bars and York Peppermint Patties arranged for a photograph in Reading, Pa. (Bradley C. Bower/Bloomberg News)
Hershey Co. announced a 9.7 percent increase in prices on its chocolates and other candies, paving the way for similar actions from competitors.
The world’s largest chocolate maker is aiming to offset soaring costs for ingredients such as sugar, the price of which has more than doubled in the past year, and cocoa, which jumped earlier this year, but has since retreated somewhat. Get the full story »
