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NPR Shopping Cart Economics: How Prices Changed At A Walmart In 1 Year
BUSINESS
NPR Shopping Cart Economics: How Prices Changed At A Walmart In 1 Year
September 16, 2019 5:02 AM ET
Heard on Morning Edition
Shoppers beware. That warning has come from economists ever since the trade war with China began last year. Eventually, they said, the fight between the two economic superpowers will hit regular Americans with higher prices at the cash register. The tariffs will bite.
Already some things are costing more. But the impact of the tariffs is uneven.
In August 2018, NPR began tracking how those tariffs might trickle down to shoppers at the world's largest retail store chain — Walmart. Since then, every few months we've checked prices of about 80 products at one Walmart in Liberty County, Ga., with tariffs in mind.
After one year, some prices in NPR's basket of goods have climbed significantly, at least in part because of the tariffs. The price of a dog leash has climbed 35%. A screwdriver costs 7% more. ... But prices are complicated. They don't automatically rise with tariffs.
{Snip the chart, which I can't make display. Click below to see it.}
See the full NPR Shopping Cart.
In fact, shoppers are only starting to feel tariffs. Last year, the Trump administration specifically targeted industrial materials and parts, rather than consumer products, to avoid shocking Americans with price hikes. The new rounds kicking in this month and in December will more directly affect a lot more of the things people buy every day, such as shoes, clothes and electronics.
....
NPR Shopping Cart Economics: How Prices Changed At A Walmart In 1 Year
September 16, 2019 5:02 AM ET
Heard on Morning Edition
Shoppers beware. That warning has come from economists ever since the trade war with China began last year. Eventually, they said, the fight between the two economic superpowers will hit regular Americans with higher prices at the cash register. The tariffs will bite.
Already some things are costing more. But the impact of the tariffs is uneven.
In August 2018, NPR began tracking how those tariffs might trickle down to shoppers at the world's largest retail store chain — Walmart. Since then, every few months we've checked prices of about 80 products at one Walmart in Liberty County, Ga., with tariffs in mind.
After one year, some prices in NPR's basket of goods have climbed significantly, at least in part because of the tariffs. The price of a dog leash has climbed 35%. A screwdriver costs 7% more. ... But prices are complicated. They don't automatically rise with tariffs.
{Snip the chart, which I can't make display. Click below to see it.}
See the full NPR Shopping Cart.
In fact, shoppers are only starting to feel tariffs. Last year, the Trump administration specifically targeted industrial materials and parts, rather than consumer products, to avoid shocking Americans with price hikes. The new rounds kicking in this month and in December will more directly affect a lot more of the things people buy every day, such as shoes, clothes and electronics.
....
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
How many children's bikes or table lamps do you buy vs toilet paper & garlic? Also, I can do without a table lamp. TP, not so much. 
