mysql error count_ER_CON_COUNT_ERROR: Too many connections error in node-mysql

I'm a node beginner. Following is the code that I'm trying to execute using node mysql but it keeps giving me this error:

error connecting: Error: ER_CON_COUNT_ERROR: Too many connections

::CODE::

var size = item.length;// size is ~1500

for (var i=0; i

var connection = mysql.createConnection({

host : 'xxx.xxx.xxx.xxx',

database : 'mydb',

user : 'test',

password : 'test'

});

connection.connect(function(err, callback) {

if (err) {

console.error('error connecting: ' + err.stack);

return;

}

});

var entry = {

id: item[i],

time_created: Math.floor(Date.now() / 1000),

time_created: Math.floor(Date.now() / 1000),

price_range: 0

};

var query = connection.query('INSERT INTO mytable SET ?', entry, function(err, result, callback) {

if(err) {

console.log(err.message);

}

});

connection.end(function(err) {

if(err) {

console.log(err.message);

}

});

}

How should I re-design the above code to successfully execute it?