The company said on Friday that the move--the second of its kind this year--is intended to battle soaring commodities costs.
The immediate increase was necessary to offset "significant
increases" in the cost of raw materials such as sugar, cocoa and peanuts--up as much as 45% since the start of the year--as well as the growing cost of fuel, utilities and transportation, Hershey
said.--Nina M. Lentini