The maker of Barbie dolls warned that its toys will be more expensive this Christmas because of rampant costs for transport and raw materials.
US giant Mattel is the latest company to warn of rising prices as the global economy bounces back from the pandemic.
The price of Brent crude oil has risen from just $40 per barrel a year ago to close to $75 today.
Price hike: US giant Mattel is the latest company to warn of rising prices as the global economy bounces back from the pandemic
The cost of shipping a tonne container from China has jumped tenfold to £14,400 since the start of 2019.
Mattel’s chief executive Ynon Kreiz said: ‘We’re not the only ones who did it [raised prices], in our industry everyone did.’
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