Amazon refutes report that it raised prices of popular items since Trump took office

A Report The Wall Street Journal (WSJ) found it last week that President Trump had increased prices on low -cost mandatory requirements since his announcement of his plans. Large -scale tariff On international goods. Amazon replied with a long blog post in response to the article, which describes WSJ reporting as “” “.Fundamentally faulty,

The WSJ analyzed 2,500 common Amazon items such as cuff drops, antibacterial wipes and chicken broth prices, determining that the prices of these items increased by an average of 5% on an average from the opening of Trump from 20 January to 1 July.

Amazon accused WSJ of “cherry-picking” data and ignored other factors around the cost of some products. According to Amazon, some conclusions of the WSJ were incorrect as a pigeon deodorant and a packet of yogi tea bags were on sale in January, when the WSJ retrieved its initial pricing data. Amazon says that the price increase on these items was due to the end of promotion, not inflation or tariff.

The pricing of Amazon is often dynamic, which causes ups and downs, which is why a random sample in products at one point makes sense for such analysis. Amazon felt that it had to respond to the report that the company is sensitive about the subject and may even be afraid of vengeance from the Trump administration.

The cost of Amazon is on one side, customers can see a slight increase in costs on popular goods. According to the June report of the US Bureau of Labor Statistics, consumer price rose 0.3% a month or 2.7% in a year.

Source link

Please follow and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *