Here's one example of how pretty much everything is getting more expensive: A toy that used to cost $25 is now priced at $28,000.
Premium Joy, based in Walnut, California, makes a variety of foam toys, including play mats, jigsaw puzzles and building blocks for kindergarten and elementary-grade kids. It sells them on its website and on Amazon.
One of its most popular toys is its Under the Sea-themed floor foam jigsaw puzzle. "Pre-pandemic we sold as many as 5,000 to 6,000 of that puzzle every year," said Hassan Alnassir, the company's founder and owner.
Alnassir said the company is discontinuing production of the puzzle because it's become too expensive to manufacture and import the foam products from Taiwan.