US consumer goods prices will rise across the board!

The outbreak of the Omicron virus has brought new challenges to the slightly recovered situation in the United States, and the rise in prices is still continuing.

According to foreign media reports, inflation and ongoing supply chain issues will cause prices of consumer goods in the United States to rise almost across the board in 2022. The report mainly mentioned the price increases of 10 types of consumer goods. In addition to daily medical care, heating costs, gasoline costs, etc., clothing, furniture and electronic products will also usher in new increases.

According to a report from the Business of Fashion magazine, apparel sales are expected to fully recover this year, and while demand for apparel is increasing, the pressure on the supply chain will push retail prices up by an average of 3.2% . McKinsey and 15% of fashion executives expect prices to rise by 10% or more in 2022 .

In this regard, many people have suggested that consumers can consign their clothes online through second-hand resale websites such as Poshmark and thredUP before buying new clothes , so that they can also get some cash.

In the electronics sector, the ongoing chip shortage has hit a number of products including computers, TVs and video game consoles hard, with demand outstripping supply even though consumers are willing to pay a premium.

Some professionals said that even if there are some promotions, the price drop will not be too obvious.

In addition to electronic products, due to the long time at home, there has been a renovation craze abroad. But the report said that even the update of small parts is not cheap. According to the United Nations Conference on Trade and Development, furniture prices may rise by more than 10% in the next year due to rising container freight rates.

Although the country's market prices have recently increased, cross-border sellers have not experienced much of this in the past year. Except for some high-value products, other products have been priced lower to varying degrees, and even sold for 0 yuan.

Although many sellers want to get rid of low-price competition, they have tried many times but failed. In the US market where prices are going to rise again, some people say that this may be a good time to get rid of low-price competition. But if you think about it carefully, if sellers want to win more customers, they still have to work hard on polishing their products.

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