It does suck, and I have a feeling prices (of anything) aren't going down anytime soon.
Got this from one of my suppliers
1. Increased commodity cost the past six months due to increased global demand; oil +38%, iron ore +27%, aluminum +25%, lead +17%, copper +23%, zinc +15%, nickel +9%.
2. Rising plastic prices due to oil spikes.
3. Corrugated shortages causing packaging to increase
4. Extreme tightening of factory capacity due to heavy world demand of goods.
5. Increased labor rates domestically and across Asia due to higher minimum wages and competition for workers.
6. 63% Increased transportation costs in the past five months to bring products across the ocean due to:
• Container shortages China, Taiwan, India, Vietnam and Cambodia
• Surcharges to obtain space on container ships and Port surcharges due to backed up offloading.
• 38% fuel cost increase since March 31st, 2021