Hershey raises candy prices, citing higher costs

Hershey Co., the largest U.S. candy maker, increased prices for the first time in two years to counter rising costs for corn syrup and packaging.

The Hershey, Pa.-based company also said it was paying more for fuel, utilities and transportation.

The company raised prices on Twizzlers, Reese’s and its namesake chocolate bars 4% to 5%, effective immediately. The increase affects about one-third of its products, the company said.