The price of toys, games and playground equipment rose a record 2.2 percent between April and May, far outpacing the 0.1 percent inflation rate for all items that month, according to the Bureau of Labor Statistics. Economists expect those increases to pick up in the coming months, as more manufacturers and retailers are forced to pass on higher costs.
“Prices have gone up, there’s no doubt about it,” said Isaac Larian, chief executive of MGA Entertainment, the toy giant behind L.O.L. Surprise, Little Tikes and Bratz. “But the inflation is just starting. There’s going to be a domino effect: You’re going to see prices go even higher. You’re going to see empty shelves and a lack of innovation.”
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