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Benzinga
Benzinga
Business
Namrata Sen

Amazon Quietly Hikes Prices On Everyday Essentials Despite Pledge To Hold Steady Amid Tariff Turmoil: Report

Malaga - spain,-,10-09-2020,:,Selective,Focus,On,Man,Delivering,Parcel

Amazon.com Inc. (NASDAQ:AMZN) has subtly increased prices on everyday items in a move that is in stark contrast to the company’s earlier promise to maintain prices despite the tariffs.

What Happened: Amazon has raised prices on a range of low-cost products by an average of 5% since the initial tariff announcement by President Donald Trump in February, reported The Wall Street Journal. This increase is despite Amazon’s previous commitment to price stability in April.

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