Consumer goods are going to get more expensive

Retailers used to absorb much of the cost of goods when suppliers raised prices. Now, the difference is being passed on to shoppers.

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Price increases for necessities like toilet paper and diapers will affect low-income Americans most profoundly, placing an additional burden on those already hard hit by the pandemic.

Whether the increased prices will stick, or eventually come down, is a topic of debate among economists. Some predict that prices will normalize within one to two years, as the economy continues to gain steam, the job market improves and those who lost jobs during the pandemic increasingly return to work.