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Cocoa prices spiked to an all-time high right before Valentine's Day (www.kpbs.org)

submitted 10 months ago by MicroWave to c/economics

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As Valentine's Day approaches, the price of cocoa has never been higher.

The cost of the key ingredient in chocolate has been grinding upward for over two years. In the past year, it has more than doubled. This month, it broke the all-time record from 1977, the year before Hershey introduced Reese's Pieces.

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[–] [email protected] 10 points 10 months ago (1 children)

Food price gouging continues.

[–] krashmo 1 points 10 months ago (1 children)

Cocoa isn't exactly a staple food. If the price bothers you it's pretty easy to do without. That's not the same for other types of food that have seen price increases.

[–] [email protected] 14 points 10 months ago* (last edited 10 months ago) (1 children)

I'm cuckoo for Cocoa Puffs, so it is kind of a big deal.

[–] [email protected] 1 points 10 months ago

Yeah, chocoholism is a real disease and those who suffer from it shouldn't have to take this sort of abuse!

[–] [email protected] 4 points 10 months ago

That might explain why the Reese's hearts have gotten comically small. They're like 3.5 cm long. It got hit hard by the Shrinkflation Ray®.

[–] graveyardchickenhunt 3 points 10 months ago

And pretty surely zero extra going to the farmers