Reporting Carl Stevens
BOSTON (CBS) — It’s not just the price of what you use to fuel you car that’s on the rise. The price of what you use to fuel your sugar craving is also increasing.
WBZ NewsRadio 1030′s Carl Stevens reports
At Phillips Candy House in Dorchester, owner Joe Sammartino says while analysts may think there is a correlation between the economy improving and the demand for chocolate going up, he knows what has people coming in.
“I think it’s that people just like chocolate,” he told WBZ NewsRadio 1030.
The Wall Street Journal reports that the price of cocoa beans rose 1.5-percent on the futures markets last week.
That’s because reports this week are expected to show demand for chocolate is up.
A year ago this time, when people were more worried about the economy, it was just the opposite.
“They are increasing but we are able to hold things down,” Sammartino said. “At this point right now, we’re staying with it until the fall then we’ll increase our prices a little bit.”