With more people returning back to school, the office, or even gathering in person for the first since the pandemic, the pressure to quite literally put your best face forward seems higher than ever.
Prices for makeup, bath, and nail products increased by 2.6% from July to August 2022, according to data from market research firm NPDNPD's report also found that beauty was the only category that grew on a unit sales basis between July 2021 and July 2022, indicating that growing costs have not dampened demand.
Changes in cosmetics prices over the past five years based on data from the consumer price index via U.S. Bureau of Labor Statistics.Maria Salcedo, senior vice president of merchandising for national beauty chain Ulta, said demand for cosmetics remains strong, despite price hikes. "Consumers continue to adjust to inflation pressures by spending thoughtfully on what's valuable and important to them, including beauty," Salcedo told Insider by email."We executed some price increases throughout the first half of the year, which is common across retail and beauty. We continue to expect pricing pressure compared to historical trends."
In late August, Coty — a multinational beauty company that owns brands like Sally Hansen, Covergirl, and Kylie Cosmetics — instituted its second round of
I'll just stop buying. Thanks
You mean I won't be able to identify my fav Instagram influencer now? 😂😂😂