The Hustle Daily Show Chocolate inflation makes Valentine’s Day even pricier
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Feb 14, 2025 Valentine's Day is getting pricier as chocolate prices surge, largely due to a staggering 200% increase in cocoa costs. This crisis raises questions about how candy companies are adapting, like introducing fillers and nuts into their products. The chocolate industry's turmoil is compounded by climate change affecting cocoa production in West Africa. Meanwhile, private school tuition is hitting all-time highs. Join the hosts for a humorous dive into these juicy topics that blend economic insights with pop culture trends.
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Chocolate Inflation
- Valentine's Day chocolates might have more filler ingredients this year.
- This is due to a substantial increase in cocoa prices.
Cocoa Price Surge
- Cocoa prices have surged 200% in the last year, impacting chocolate production.
- Chocolatiers are using more nuts as filler, despite their previously high cost.
Climate Change Impact
- Climate change, with high temperatures and rainfall in West Africa, is significantly impacting cocoa production.
- This is the worst cocoa production environment in 60 years.