Cadbury to double price of Freddo Frogs and Caramello Koalas in first price hike in a decade
Two of Australia’s most iconic chocolate treats are set to double in price as the cost of ingredients skyrocket.
On Friday morning, Cadbury announced the beloved Freddo Frog and Caramello Koala will jump from $1 to $2.
Cadbury explained the first change to the product in more than decade is the result of increasing cocoa prices.
Camera IconCaramello Koala to double in price. Supplied Credit: Supplied
Camera IconThe products will now cost $2. Supplied, Credit: Supplied
“Our Freddo Frogs and Caramello Koalas have delighted chocolate lovers for generations,” the company said in an announcement to social media.
“Due to the record global price of cocoa and increased input costs, we have adjusted the RRP from $1 to $2, the first price change in over a decade.”
Cadbury were quick to reassure chocolate lovers that the price jump will not impact the cost of sharebags of Freddos and Caramello
“Sharebags of Freddos and Caramello Koalas are also available and off great value,” they said.
“We appreciate your understanding and continued support as we strive to deliver the high quality chocolate you love, made with the best local ingredients.”
While some fans of the sweet treats were understanding of the price change, others were dismayed at the price jump.
“1st price rise in over a decade, but when they do, it’s a 100% price increase!” one person post to social media.
“Let’s see if that price comes down when cocoa prices do. That would the real show!” another said.
Another social media user said “at least we are told an explanation as to why not many other companies do this”.
#Cadbury #double #price #Freddo #Frogs #Caramello #Koalas #price #hike #decade