Mars makes major price hike to its Galaxy chocolate bars that leaves customers ‘furious’
Galaxy chocolate bar price hikes follow similar decisions made by Cadbury, Nestle and Unilever with Mars citing inflation and rising costs.
Customers have criticised a major change Mars has made to its Galaxy chocolate bar products. The popular sweet treat is set to undergo a major price hike, following the likes of Cadbury and Nestle as chocolate producers try to deal with rising costs and inflation.
Fans of the chocolate giant’s Smooth Milk variety have been left shocked after they spotted a 110g bar has skyrocketed by 51%. It has risen from 99p to £1.50 in Tesco, while the 200g size is now priced at £2 in Sainsbury’s supermarkets.
A Mars Wrigley spokesperson said in a statement: “The inflationary pressures being felt around the globe are well documented and sadly we are not immune to them. We continue to absorb substantial cost increases coming from raw materials and regrettably we have had to make the difficult decision to make some list price adjustments.
“At Mars Wrigley we will always offer our products at the best possible value for money, it’s something that we won’t compromise on, and we’re doubling down on that commitment in these challenging times.”
Mars is one of many food companies coming under scrutiny for confirming product price increases in recent months. It is understood that officials are blaming the pressures of rising costs on energy, fuel, transport, ingredients and much more.