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More price hikes may be on the way as import costs surge and exemptions vanish.
Toy prices rose at a record pace this spring, increasing 2.2% between April and May while overall inflation rose just 0.1%, according to the Bureau of Labor Statistics. Industry experts warn that toy prices may climb further as fresh tariffs on Chinese imports continue to strain supply chains, The Washington Post reports. With more than 75% of toys sold in the U.S. imported from China…
