Mars says it will raise prices on many candies

HARRISBURG, Pa. Mars, the maker of popular candies such as M&M’s and Snickers, has said that because of the rising costs of ingredients, production and packaging, it is raising prices of several of its products.

The news of the Mars price increase comes on the heels of a similar announcement released by Hershey Co. earlier this week. Both companies had announced price hikes previously this year in January.

Mars has not named which of its items will be affected by the price increase, but did state that the price changes would begin Oct. 17 and other increases could take affect through March of next year.