Toy prices soar as raw material costs rise due to Gulf conflict
Parents face a pricier summer as toy costs surge due to the West Asia conflict. Rising crude oil prices are inflating raw material expenses, particularly for plastic components. Manufacturers report significant jumps in plastic resin costs, leading to potential price hikes of 10% to 40% on various toys, impacting budgets for holiday shopping.🕒 1 min read
Parents face a pricier summer as toy costs surge due to the West Asia conflict. Rising crude oil prices are inflating raw material expenses, particularly for plastic components. Manufacturers report significant jumps in plastic resin costs, leading to potential price hikes of 10% to 40% on various toys, impacting budgets for holiday shopping.
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