Pumpkin prices will rise as Halloween approaches due to inflation, drought and higher production costs.
The average price of a large pumpkin this year is $5.68, up from $4.92 last year, meaning this year’s jack-o-lantern decorations may be a bit pricier for some families.https://83b3007fe0cd31f5270a12a523325446.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Experts point out that skyrocketing seed, fertilizer and fuel prices are examples of inflation which have led to higher pumpkin prices. It has been reported that labor shortages can have an effect in some cases.
Due to rising fuel costs, pumpkin prices have risen by almost 20 percent from Texas to Maryland.
“The price for fuel has affected everything, and the fertilizer for… pumpkins has also been affected,” Tammy Adkins , a Maryland farmer, told WMT.
She said, “It seems like everything has gone up” and that parents can see it at the grocery store. It’s also affected her.
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The pumpkin prices have risen due to extreme heat and drought.
Gaylon Adkins, farmer and owner of the farm, said that there wasn’t much rain in August so we didn’t get enough pollination. “So, we’re probably looking at approximately half a crop for pumpkins.”
Adkins stated that he will have to travel north from Maryland to Delaware or Pennsylvania in order to purchase pumpkins this year.
According to the National Retail Federation (NRF), Americans will spend record $10.6 billion this Halloween, and $3.4 billion on decorations.
Food prices surpassed inflation rate in August. They have increased by 11.4 percent over the last year under President Joe Biden. Grocery store prices rose by 13.5 percent.