Fireworks Will Cost More Than They Used To…
(LibertySons.org) – With July 4th quickly approaching, many people are on the hunt for fireworks to cap off their Independence Day celebrations. Unfortunately, Americans should expect to pay quite a bit more this year for these festive firecrackers. Axios recently reported that prices would be up about 30% compared to last year.
Report: Consumers Could Pay 30 Percent More for Fourth of July Fireworks This Year https://t.co/cewB4oE9tQ
— Brad Porcellato (@PengNewWest) June 16, 2022
Driving the price hike is not only the insane inflation but also higher shipping costs. The American Pyrotechnics Association revealed an increase from 2019’s rates of between $8,000 and $10,000 to around $45,000 for each shipping container. In addition, the demand for fireworks has been increasing since the pandemic canceled many public displays in 2020.
Ohio’s Phantom Fireworks CEO Bruce Zoldan said supply isn’t a problem this year. The inventory levels are fine, and there shouldn’t be a shortage. However, there is an uncertainty about how inflation and the increased prices will affect sales. Fireworks aren’t a necessity, so some people may cut them out of their July 4th celebrations. Despite the potential issues, Zoldan said that even during recessions, the industry doesn’t usually see notable impacts because people will always find reasons to party.
Fireworks sales usually begin around Father’s Day, so retailers will have to wait for weekend sale numbers to see how they fare this year.
~Here’s to Our Liberty!
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