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Archive for Friday, September 14, 2007

Consumers could face increase in toy prices

September 14, 2007

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— American consumers will be bearing the cost of safer toys, but not until after this year's Christmas season.

Shoppers can expect price increases up to 10 percent next year to pay for increased vigilance by toy makers and stores after more than 3 million lead-tainted toys from China were recalled worldwide since June. That means a $6.99 Barbie doll could go up to about $7.70, or a $70 child-friendly digital camera could retail next year for almost $80

A 10 percent average increase would be the biggest one-time price increase in toys in several years, analysts say. And it's more than twice the government's measure of consumer inflation of 4.7 percent during the first seven months of this year.

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