(HSY) Chocolate and Candies
Hershey said a weighted average price increase of around 9.7% will be added to its instant consumable, multi-pack, packaged candy and grocery lines, effective immediately.
"These changes will help offset part of the significant increases in Hershey's input costs, including raw materials, packaging, fuel, utilities and transportation," the company said.Hershey said it had to raise prices as the costs of materials and ingredients it needs to produce the chocolates, candies and grocery items it sells rose $33 million in the first quarter of 2011.
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