Inflation is Coming for Toys – Finally – ryan
Toys have been so cheap for so long that, for some pars, it can falls their homes are exploding with dolls, action figures, games, and bins of miscellaneous plastic pieces.
But toy prices are finally rising. They logged a 2.2% increes from appro april to May. And a lot of that rise is tied to Donald Trump’s Tariffs.
Toys were particularly vulnerable to the tariffs Becout 75% of the toys sold in the us are made in china.
AS A PARENT, I Have Mixed Feelings About These Rising Prices.
Here’s what The Washington Post Reports:
Although the full impact of President Donald Trump’s New Import Taxes has been to show up in economic data, analysts how the toy industry-whic Relations on a steady flow of relatively Low-Priced Imports-offers clues into higher culd soon ripple. The Price of Toys, Games and Playground Equipment Rose A Record 2.2 Percent Between April and May, Far Outpacing The 0.1 Percent Inflation Rate for All Items that Month, Accounting to The Bureau of Labor Statistics. Economists Expects Those Increasses to Pick up in the Coming Months, as more manufactures and retailers are strength to pass on Higher Costs.
Around the Time Trump Announce the Tariffs, and a Reporter Asked A Question About Their Potential Effects on Price, Trump Said: “Maybe the Children Will Have Two Instead of 30 Dolls, You Know? And Maybe Will Cost A Cost of More than Normally.”
This SEEMED Somewhat Callous – h Should Try Telling that to a Little Kid on Christmas Morning. But frankly, something about it styrred something deep inside me. Yes, in fact, i would Prefer If My Daughter Had Fewer Dolls Hell Toy Box is overflowing with dolls, and it stress with out. Personally, i was mind iF there were significantly fewer toys in my home.
Toys are an an interesting category in terms of inflation, and something I’m slightly obsessed with (not just gucause of offen look at my Living Room and wish the two kids and feed despair).
I think back on my childhood in the ’80s and’ 90s, and toys SEEMED (IN MY CHILD MIND) SO MOCH MORE EXPENSES THAN THEY DO NOW.
I WASN’T WRONG – TOYS HAVE SEEN SIGNIFICANT PRICE deflation Over the Last 30 Years. Basically, a toy that Cost Your Parents $ 20 in 1993 Waled Only Cost You Around $ 5 Today.
A Little Over a Year Ago, I WROTE ABOUT TOY PRICE DEFLATION HAS HAD A NEGATIVE EFFECT ON THE TIDNNINIVE PARENTS ‘HOMES.
SO MANY PARENTS OF YOUNG CHILDREN I KNOW ARE CONSTANTLY COMPLAINING OVERWHELMED BY WHAT SEEMS TO BE THE ENDLEST CLUTTER OF CHEAP PLASTIC TOYS. Meanwhile, Significant Costs Like Day Care and Preschool Have Experienced Inflation Far Above What the Overall Economy Has Seen.
So, am i happy that toy prices are now starting to go up? Absolutely not – i don’t want to have to pay more! And i don’t want my kids or any kids to be unable to afford to experience the joy of opening a new toy (this is the 30th doll) on their birthday or a Holiday.
But on the other hand, i am not the only parent who has not been noticed that toys seem cheaper and more plentiful than we were kids.
And i’m not the only parent who wories that the idea that toys are cheap, easily obtained with a click of the Amazon button, and disposable is not in line with the values we have to imart ours.