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Holiday Toy Prices Surge as Tariffs, War-Driven Energy Costs Squeeze Shoppers
Toy prices climbed 6.6% in the past year as tariffs and higher oil costs raised import and manufacturing expenses, Reuters reported.
- Toy prices surged 6.6% over the past year, outpacing other consumer categories as Americans begin drafting their holiday gift lists, according to latest consumer inflation data.
- Persistent price hikes reflect combined impact of import tariffs and rising production costs linked to the Middle East conflict, where fossil-fuel-based plastics manufacturing faces higher oil prices.
- Basic Fun CEO Jay Foreman said, "Tariffs add a noticeable cost to toys and other goods," noting the toy industry set this year's pricing based on last year's tariff rates.
- Major toy manufacturers Mattel and Hasbro absorbed "higher input costs," while Fitch Ratings senior director David Silverman warned, "Those dual issues appear to be showing up in pricing."
- Analysts expect inflationary pressures from the Iran conflict to persist for several quarters, though reducing tariffs could eventually lower toy costs if global fuel conflicts subside.
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US toy prices surge ahead of holiday shopping season as tariffs, Iran war bite - Regional Media News
By Danielle Kaye NEW YORK, Oct 15 (Reuters) - Cash-strapped US consumers are facing a squeeze in their shopping budgets this holiday season, hit by the double whammy of tariffs and high energy costs. While overall inflation is creeping up, toy prices are surging, with [...]
Coverage Details
Total News Sources18
Leaning Left1Leaning Right1Center15Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
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