LEGO has announced that the prices on some LEGO sets will be increased in August and September due to increased costs of raw materials and operating costs. They have not said which sets will get the price bump but they did state that some prices on sets will not change and some will get a single digit increase while the larger ones will get a percentage increase. Obviously, this will affect shopping habits and many will pull back due to inflation in other parts of the economy as well.
Update on pricing
The current global economic challenges of increased raw material and operating costs are impacting many businesses.
Putting consumers first is at the heart of what we do as a company, and for some time, we have absorbed these costs to keep pricing stable. However, as these costs have continued to rapidly rise, we have taken the decision to increase the price on some of our sets. This increase will come into effect in August and September.
The increase will differ depending on the set and prices will change on around a quarter of the portfolio. On some sets we will not alter price, on others there will be a single digit increase and on larger, more complex sets the percentage increase will be higher.
We will continue to work to ensure our products offer great value and full recognise how important this is to our fans and everyone who love our products.
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