First Gas, Then Toys - High Prices on the Way
July 30, 2008
It probably comes as little surprise that an increase in gas prices generally causes increases in other prices; food, clothing, gardening tools and yes, even toys. According to an article on The Associated Press, some experts are anticipating an increase in toy prices of up to 15 percent this holiday season. This increase is not only reflective of gas prices. This also takes into account the growing costs of labor in China as well as the dollar being weak.
The best advice? Shop early and wisely. In fact, even though many parents are focused on buying backpacks and notebooks for back to school, smart parents are also keeping their eyes open for discounted toys either online or at retailers.
As a side note, the article points out that there may also be up to a 12 percent jump in the price of holiday decor so cutting down on the cheesy decorations may also help to offset the increase in toy prices.
Read the full article at The Associated Press.
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