These Items Will Be More Expensive After Coronavirus

circleThe coronavirus pandemic has sent nearly every industry into a state of frantic change, with restaurants and small brick-and-mortar stores shuttering[1] left and right. However, for a select subset of products and services, a sudden uptick in demand has led to dramatic price shifts—and not in the consumer’s favor. Want to know what you’ll be paying through the nose for in the near future? Keep reading to discover which items economists say will be more expensive after coronavirus. And for more insight into how the pandemic is changing the retail landscape, check out these 7 Things You Won’t See at Retail Stores Ever Again After Coronavirus[2].

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From baseball games to concerts, tickets to live events are going to be a whole lot pricier in the near future.

“There will be a lot of pent up demand for sporting events, concerts and shows,” says Prateek Agarwal, creator of Intelligent Economist[3]. “I expect that once people are vaccinated, they will want to relive those pre-pandemic experiences to the fullest.” Want to know when you’ll be singing along to your favorite songs again? Here’s When Experts Say It’ll Be Safe to Go to a Concert[4].

teenage girl lying on the sofa while on her phoneteenage girl lying on the sofa while on her phone
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Hoping to score a deal on the latest phone or tablet? You might have to wait for quite a while for prices to come down again.

“Based on the promotional activity we’re observing in the retail industry, we predict that utilitarian retail [including] electronics are likely to see continued demand and pricing resilience,” says Jordan Elkind, VP of retail insights at customer data platform Amperity[5].

womans hand pulling out a lipstick from makeup standwomans hand pulling out a lipstick from makeup stand
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While many industries have been hit hard by the coronavirus pandemic, there’s been increased demand for beauty products amid COVID-19, which some economists predict will cause to a rise in pricing, as well.

According to Amperity’s Retail Monitor, the health and beauty markets saw year-over-year growth of 128 percent[6] as of late April, with the increased demand for these products triggering an uptick in prices.

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