Halloween season shoppers haunted by tariffs, inflation
DOT COM.
>> NOW THAT WE'RE IN OCTOBER,
THE COUNTDOWN TO HALLOWEEN
BEGINS. BUT THIS YEAR TARIFFS
HAVE PUT A TERRIFYING EFFECT
ON SPENDING. JENN SULLIVAN
LOOKS AT WHAT WILL COST MORE
THIS YEAR.
>> IT'S OCTOBER AND THAT MEANS
ROLLING OUT THE PUMPKINS GO
SINGLE DUBLIN'S. BUT THE MOST
FRIGHTFUL THING ABOUT HALLOWEEN
THIS YEAR MAY JUST BE THE
PRICES AS SHOPPERS FEEL THE
IMPACT OF TARIFFS, INFLATION
TARIFFS THIS YEAR ARE ON
PEOPLE'S MINDS. GILBERT COLIN,
WITH ADDITIONAL RETAIL
FEDERATION SAYS THESE PEOPLE
START SHOPPING IN SEPTEMBER
OR EARLIER FOR HALLOWEEN
BECAUSE THEY'RE WORRIED ITEMS
WILL COST MORE. SO THEY'RE
SPREADING OUT THEIR PURCHASES.
MANY OF THOSE COSTS HAVEN'T YET
BEEN PASSED ON TO CONSUMERS.
IT IS IMPACTING CERTAIN GOODS
DIFFERENTLY. WE MAY BE SEEING A
LITTLE BIT MORE AND NONDURABLE
GOODS. PRESIDENT DONALD TRUMP.
HE PLUMMETED TARIFFS ON A RULE
LEAD IMPORTED GOODS TO
ENCOURAGE COMPANIES TO MAKE
PRODUCTS IN THE U.S.. ACCORDING
TO THE ALLIANCE FOR AMERICAN
MANUFACTURING, VIRTUALLY ALL
HALLOWEEN COSTUMES ON THE
MARKET OR IMPORTED, WHICH MEANS
THEY'LL BE SUBJECT TO TARIFFS.
BUT COLIN SAYS TARIFFS HAVE
AFFECTED CERTAIN GOODS
DIFFERENTLY. LESS THAN A
QUARTER TARIFF COSTS AND THEN
PASSED ON TO CONSUMERS TO A TV
IN SUITES. PRICES ARE ALSO UP
FROM A YEAR AGO, ACCORDING TO
THE LATEST CONSUMER PRICE INDEX
SHOT, PURRS ARE SPENDING MORE
ON HALLOWEEN THIS YEAR. THE NRF
SAYS PEOPLE ARE SPENDING ABOUT
$114 PER PERSON. IT'S REALLY
A LIVING DOLLARS MORE THAN LAST
YEAR IN TIMES OF UNCERTAINTY.
AND WE'VE SEEN THIS STARTING
WITH THE PANDEMIC DURING TIMES
OF INFLATION AND OTHERS, PEOPLE
ARE TURNING TO THE
CELEBRATIONS. THESE FUN
HOLIDAYS WHERE THE MATTER
WHAT'S GOING ON IN THE WORLD,
YOU CAN DRESS UP AND SOMETHING
FUN. IF THOSE PRICES ARE GIVING
YOU A SCARE, THERE ARE WAYS
TO SAVE. COLIN SUGGEST SHOPPING
AT DISCOUNT STORES REUSING