00:00It's Benzinga bringing Wall Street to Main Street.
00:02American consumers face higher holiday shopping costs as tariffs and rising energy prices
00:07drive up prices for toys and other goods.
00:09Toy prices jumped 6.6% over the past year and 4.2% in September alone, according to the
00:15latest Consumer Price Index report.
00:18The toy industry remains exposed to tariffs on Chinese imports and higher costs for petroleum-based
00:23plastics.
00:23Fitch Ratings expects commodity and shipping costs tied to the Iran conflict to remain
00:27elevated for several quarters.
00:29Tonka Trucks and Care Bears Basic Fund said current toy prices reflect higher tariff rates
00:34imposed last year.
00:35Barbie maker Mattel and Hasbro have also reported rising costs, with Mattel citing pressure from
00:40tariffs and Middle East tensions.
00:41For all things money, visit Benzinga.com
