The upcoming years may bring some surprising changes to your holiday shopping budget. A recent warning from an industry trade group highlights that the $20 Halloween costume you purchased for your child last year could soar to $40 by 2025. This dramatic increase stems from a combination of factors, including tariffs and rising production costs. Families should brace themselves for these price hikes as they plan their festive purchases.
Retailers are also feeling the impact. Many are pausing or canceling orders for Christmas ornaments due to the uncertainty surrounding tariffs. This could lead to limited availability and even higher prices as demand remains steady while supply dwindles. If you want to avoid paying inflated prices, consider starting your holiday shopping early this year.
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