From candy to costumes, inflation is spooking consumers on Halloween this year

Many aspects of the holiday have jumped significantly in price

An illustration featuring flying bats, money, and a jack-o-lantern with a mouth shaped like an arrow angled upward
Soaring prices might be the scariest part of this year's holiday
(Image credit: Illustration by Marian Femenias-Moratinos / Getty Images)

With trick-or-treating just around the corner, many parents are feeling the pain when budgeting for Halloween this year. Inflation means many elements of the holiday are becoming more expensive, with everything from children’s costumes to candy to decorations costing more. Many experts attribute a significant portion of the blame to the tariffs implemented by the Trump administration.

Traditions and treats

There was a slight dip several years ago when the “cost for a bag of Halloween candy increased by less than $1 year-over-year from 2020 to 2022,” said FinanceBuzz. But since then, the price has “gone up by more than $2 per year over the last two Halloweens.” And those who plan to pass out candy will “shell out an average of $70 for it” this year, said a report from LendingTree. At least 31% of Halloween spenders even “report going into debt by overspending” for the holiday.

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Chinese tariffs are having a tangible effect on costume prices, as “90% of Halloween products contain at least one component made overseas,” said CNN. As a result, this year's Halloween costumes “will cost a little more, and you’ll see less variety.” Halloween companies are also feeling the hurt. “We’re all kind of on edge, but we’re trying to stay positive,” Chris Zephro, the president of costume manufacturer Trick or Treat Studios, told CNN.

How to save

There are ways to save money this Halloween, despite the rising costs. One option is purchasing costume pieces separately in advance. “I’d rather just do it ahead of time, little by little,” parent Reyna Hernandez said to CNN. Similar tactics can be used for purchasing candy, experts say, as many “warehouse clubs tend to offer the best per-piece value” for candy in bulk, said Reuters.

It can also help to set a “candy budget” for trick-or-treaters, such as giving out “one piece per kid early in the evening — extra for familiar faces and especially creative costumes,” said Reuters. This is especially important given that “chocolate makers are passing along earlier cost spikes via higher shelf prices and smaller package sizes.” For parents who can’t afford store-bought costumes, there are some other options. Many ”do‑it‑yourself outfits made from household items remain a popular fix, with sewing kits, glue guns and a dash of imagination turning everyday clothes into festive costumes,” said NBC affiliate KNDU-TV.

You can also look to social media, as TikTok “bursts with quick displays of DIY Halloween costumes that are practical, creative and undeniably fun,” said KNDU-TV. And many plan to celebrate the holiday despite rising prices. “Even in challenging economic times or with price adjustments, people are leaving room in their budgets for chocolate and candy,” said Carly Schildhaus, of the National Confectioners Association, to CBS News, “especially at these special candy moments like the Halloween season.”

Justin Klawans, The Week US

Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other news. Justin has also freelanced for outlets including Collider and United Press International.