Inflation hits fashion, skincare, home goods and footwear brands

How to spot the most expensive brands right now.

There is no shortage of catastrophic stories about inflation, narrowing, rent hikesinterest rate hikes and warnings impending recession.

Canadians are feeling the pinch everywhere, from increases in streaming service subscriptions at shocking airfares. These price increases have continued to affect nearly every aspect of life, but knowing how much (and when) prices are rising can help manage and plan larger purchases.

Are Canadian fashion brands raising their prices?

Lululemon is raising prices, but it’s unclear by how much, although there are rumors that it will happen in Q2 (so right now) and will affect around 10% of items. To mitigate the price hike, look for the “I overdid it” section on the Lululemon site as it is stocked with discounted parts.

BNN Bloomberg reported that Vancouver fashion house Aritzia would weather rising apparel prices, with CEO Brian Hill citing the company’s strong supply chain and online sales. That’s the official statement, but some eagle-eyed shoppers in brand-dedicated forums are theorizing that some “new” items added to inventory resemble previous styles, with markup prices ($5-$15) .

The good news? Artizia’s summer sales is ongoing, and there are usually some solid deals, like the Cozy Fleece Perfect Hoodie ($65) and the Babaton Essential Classic Shirt ($43.99).

Is fast fashion getting more expensive?

Fast fashion relies on the global supply chain to keep costs low. Soaring oil prices have significantly affected prices at retailers like Zara (which raised prices by up to 10%) and H&M (which this spring tell the shareholders that there would be price increases without quoting a precise figure).

Since fast fashion relies on constant inventory turnover, shoppers would be wise to try and wait for at least a 20% discount (to offset price inflation) before checking out items.

For those hoping for a closet refresh, H&M summer sales is running now.

What is the rate of inflation on a pair of jeans right now?

Levi’s price increase is around 10% and started in late 2021 and early 2022. Still, there’s a silver lining for consumers: Sales and strong inventory mean finding parts on sale ( especially at the end of the season) is generally possible. The popular Wedgie ankle cut is $59.99 (on sale from $128).

A Glossier price hike is coming

Popular beauty brand Glossier has taken the unusual step of notifying customers of a price increase in early July 2022, meaning now is the time to stock up Boy eyebrow set, Futuredew Serum and the cult favorite Cleansing Milk Jelly.

Why are shoes so expensive right now?

The shoe inflation rate has been rising month after month since January 2021, and in the United States, March 2022 saw the largest monthly price increase since 1981, with children’s shoes up 11%. It is difficult for a single consumer to fight market forces like oil prices and tariffs. Eliminate the shoe-shopping sting by researching local lines like Vesi and Native shoes and Canadian-based retailers like Little Burgundywhich currently has a big spring sale.

Is there a way to save on household items?

Buy necessary items like laundry soap, dishwasher pods, Faster dusters and compost bags in bulk is cheaper, but there are also limitations (like pantry space and budget) to storage. Amazon has a Subscribe and save section with discounts on everything from pet food at layers. Since items ship and it’s easy to pause a subscription or skip a month, it’s a great way to create a fixed budget and avoid grocery store price hikes. Check the options Subscribe and save on Amazon.

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