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Your favorite chocolate bar will soon come with a bigger price tag after Hershey announced it was raising the price of its candy over the high cost of cocoa.

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Hershey said it will be raising prices on its chocolate candy due to the cost of cocoa and supply issues.

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Hershey Co. is raising prices on its candy due to historically high cocoa costs. The Pennsylvania-based maker of Hershey’s chocolates and Reese’s Peanut Butter Cups told its retailers last ...