As customers walk the aisles of Walmart stores, there are some early signs that higher tariffs are changing pricing.
The nation’s largest retailer warned in May that it would have to raise prices for its shoppers as President Donald Trump’s new duties drive up the cost of many imported goods. About two months later, some household items on Walmart’s shelves have higher prices, according to a CNBC analysis.
CNBC tracked prices of about 50 products across merchandise categories including apparel, electronics, toys and groceries over seven weeks at Walmart’s Secaucus, New Jersey, location. About a dozen of the items CNBC followed increased in price during that time, including a frying pan, a pair of jeans and a car seat, according to the analysis. Many of those items are manufactured in countries that face significant tariff rates. Even in cases where prices on imported items increased, it’s unclear if the moves were all or partly due to cost increases from tariffs.
The price analysis offers a snapshot into what Trump’s duties mean for consumers’ wallets, a key concern since he started rolling out tariffs on dozens of U.S. trading partners earlier this year. While nationwide inflation data had seen a muted effect from tariffs in recent months, that showed some signs of changing in June. Though the consumer price index increased by 0.3% for the month and 2.7% year over year, the prices of tariff-sensitive segments like apparel and household furnishings rose at higher rates of 0.4% and 1%, respectively, from May.
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