As the Halloween season approaches, pumpkin prices are expected to rise due to inflation, drought and rising production costs.
The average price for a large pumpkin this year is $5.68, up from $4.92 last year, which means jack-o-lantern decorations this year may be a bit more expensive for some families. .
Farmers and experts attribute soaring fuel, fertilizer and seed prices to examples of inflation contributing to rising pumpkin costs. Labor shortages were also noted to have an impact to some extent.
Due to rising fuel costs, there has been an almost 20% increase in pumpkin prices from Texas to Maryland.
“The price of fuel has affected everything, the fertilizer for…the pumpkins has been, you know, amazing,” Tammy Adkins, a farmer from Maryland, told WMDT.
“It seems like everything has gone up and of course parents see that at the grocery store so that has affected us as well,” she added.
Extreme heat and drought also contributed to higher pumpkin prices.
“[W]There wasn’t much rain in August, so the hot weather where it’s over 90 degrees, we didn’t get the pollination we should have,” said farmer and owner Gaylon Adkins. “So we’re probably looking at half a pumpkin crop.”
Adkins noted that he was forced to drive north from his home in Maryland to Delaware or Pennsylvania to buy pumpkins this year.
According to the National Retail Federation, Americans are expected to spend a record $10.6 billion on Halloween this year, including $3.4 billion on decorations.
Food prices exceeded the rate of inflation in August, rising 11.4% since last year under President Joe Biden. Grocery prices soared even more – 13.5%.
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