Bunny Money: The average price of the Easter basket is approaching $62


from: Nick Smith, Nextstar Media Wire



(NewsNation) – When Peter Cottontail hops down the Bunny Trail this year, he’ll be carrying more expensive gifts than ever before.

From chocolate bunnies to gummy bears, the average cost of an Easter basket is now $61.83 — a more than 22% increase from Spring 2019.

This is due to the 8.5% inflation rate leading to an increase in the cost of raw materials such as the ingredients used to make candy, higher gas prices to transport the candy to stores and supply chain issues compounding the problem.

Most Easter treats, including a 6-ounce chocolate bunny, a 10-pack of Peeps, or a pound of jelly beans, see a $1 increase.

If you’re looking to save, stick to candies like Kit Kats — their prices are only up about a quarter.

According to the National Retail Federation, total Easter spending is expected to be about $20.8 billion. Bunny Money: The average price of the Easter basket is approaching $62

John Verrall

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