world-economy

Chinese Suppliers Raising Prices for US Holiday Season Amid Raw Material Surge

Chinese manufacturers supplying major US retailers are implementing price increases for the first time in several years as raw material costs spike. Suppliers to Walmart Inc. and Costco Wholesale Corp. are among those passing elevated expenses to customers as factories accelerate output for Christmas delivery. The pricing action reflects broader inflationary pressures sweeping through global supply chains. Factory-level inflation in China has reached its highest point since the pandemic as energy and input costs surge. UK businesses similarly have raised prices at their fastest pace in over three years while contending with soaring raw material and fuel expenses. The cost pressures are creating margin challenges for producers even as they work to meet year-end demand from major retailers.