“A weighted average price increase of approximately 9.7 percent across the Company’s instant consumable, multi-pack, packaged candy and grocery lines is effective today. These changes will help offset part of the significant increases in Hershey’s input costs, including raw materials, packaging, fuel, utilities and transportation.”

HSY expects these price hikes to benefit the company’s financial results in its 2012 reporting year.

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Many candy-makers instituted price increases of about 10 percent last year, said Sal Ferrara II, president of Forest Park-based Ferrara Pan Candy Co., maker of such venerable brands as Lemonhead and Red Hots….

Meanwhile, data from market researcher Nielsen Co. show that the price of non-chocolate candy jumped almost 9 percent during the 13 weeks ended Nov. 28 compared with the same time last year. Chocolate candy has experienced a similar price jump. Makers have been hit by high sugar costs and soaring cocoa prices.

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