As Labor Day shopping kicks off, consumers are facing a challenging landscape due to tariffs impacting prices. According to Trae Bodge, a smart shopping expert, consumers are currently shouldering about 22% of tariff-related price hikes, a figure that could rise to 67% by October. This increase is attributed to a new court order eliminating tariffs, with the administration having until October to respond.
Bodge noted, “Prices are higher than usual. They will continue to rise up until October.”
Shoppers are advised to be vigilant about “shrinkflation,” where product sizes decrease while prices remain the same. To combat this, consumers should consider buying store brands, checking unit prices, and purchasing in bulk.
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