Consumers Could Face Higher Toy Prices

New York City, American consumers can expect price increases on toys up to 10% to pay for the industry's increased vigilance after more than three million lead-tainted toys from China were recalled worldwide since June, according to the Associated Press.

A 10% average increase would be the biggest one-time price hike for toys in several years, the report said. And it's more than twice the government's measure of consumer inflation of 4.7% during the first seven months of this year.

Consumers could also see higher prices on other Chinese imports such as fish and children's apparel, but the big price gains in toys could be more jolting, the report said.

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