A closely watched measure of grocery inflation has risen for a second consecutive month. The increase comes amid fears of an energy-led price surge ahead.
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- Holiday toy prices surge as tariffs , war - driven energy costs squeeze shoppers
U.S. consumers face tighter holiday budgets as tariffs and energy costs push prices up. Toy prices rose 6.6% over the past year and 4.2% from August on a seasonally adjusted basis, faster than other consumer categories in the latest CPI report. China makes most toys sold in the U.S., and many are made with fossil-fuel-based plastics, so changing tariff policies and higher oil prices linked to the Middle East war add to costs. David Silverman of Fitch Ratings said the Iran conflict's impact on commodity and shipping costs will persist for several quarters. Basic Fun CEO Jay Foreman said current prices still reflect earlier, higher tariff rates, and that lower tariffs would reduce toy prices over time if other global issues ease.
- Holiday toy prices surge as tariffs , war - driven energy costs squeeze shoppers
Toy prices in the U.S. surged ahead of the holiday season, rising 6.6% over the past year and 4.2% from August on a seasonally adjusted basis, faster than other consumer categories. Causes include tariffs on Chinese goods, since China makes most toys sold in the U.S., and higher oil prices linked to the Middle East war, which raise the cost of fossil-fuel-based plastics and shipping. Tariffs on Chinese goods have fallen from an initial 145% to 30% since May 2025, but a Basic Fun executive says current prices still reflect earlier higher rates and could ease over time if other global issues subside. Mattel and Hasbro have also reported rising costs and margin pressure. A Reuters/Ipsos poll through October 5 found only 21% of voters approved of President Trump's handling of cost-of-living issues.
- Holiday toy prices surge as tariffs , war - driven energy costs squeeze shoppers
U.S. toy prices rose 6.6% over the past year in the latest consumer inflation data, and climbed 4.2% from August on a seasonally adjusted basis. Tariffs and higher energy costs linked to the Middle East war are pushing prices up, since China makes most toys sold in the U.S. and many are made with petroleum-based plastics. Fitch Ratings' David Silverman said the impact of the Iran conflict on commodity and shipping costs will persist for several quarters. Basic Fun CEO Jay Foreman said current prices reflect earlier higher tariff rates, and that lower tariffs would reduce toy prices over time if other global issues subside. Mattel and Hasbro cited inflationary pressures and higher input costs.
- Bank of Canada warns energy costs threaten inflation targets
- Inflation next wave could be building as energy costs spread through economy
The producer price index rose 1.3% in September from August and 6.3% from a year earlier, the fastest wholesale inflation since 2022, driven mainly by higher fuel costs. Transportation and warehousing prices jumped 3.4% in September and are up 16% year over year, while core inflation reached 2.6% annually. Diesel averaged $6.32 a gallon, versus $3.64 a year ago, squeezing business margins and raising the risk that companies will pass costs on to consumers. Heavy spending on AI data centers is also pushing up prices for chips, computer parts and electrical components. Markets widely expect the Fed to raise rates once more this year, though the timing remains uncertain.
- Inflation next wave could be building as energy costs spread through economy
The producer price index rose 1.3% from August to September and 6.3% from a year earlier, the fastest wholesale inflation since 2022, with transportation and warehousing costs up 16% year over year as fuel prices spread through supply chains. Core consumer prices, excluding food and energy, rose 2.6% from a year earlier and 0.3% month over month, a sign pressures are extending beyond energy. Diesel averaged $6.32 a gallon versus $3.64 a year ago, according to AAA, and businesses warn they may pass costs to consumers already under strain, as Navy Federal Credit Union's Heather Long noted. AI data-center construction is also lifting prices for chips and electrical components, while the Fed has already raised rates and markets widely expect another hike this year.
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