Prices for holiday gifts are going through the roof this year — and it’s thanks to President Trump’s tariffs, according to a report.

A new analysis of an annual gift guide from New York magazine shows that key holiday items this year are 26% more expensive on average versus 2024, according to Groundwork Collaborative, a nonprofit consumer advocate.

Beats Solo 4 headphones this holiday season are selling for $129.95 on Amazon — up 30% versus last year. The price of a Cooper Cooler beverage chiller, meanwhile, soared to $89.99 in November — more than triple last year’s markup of $25.52.

Popular holiday gift items are on average 26% more expensive this year compared to 2024. Groundwork Collaborative

Elsewhere, an Instant Vortex air fryer-and-oven combo is priced at $115.78 on Amazon

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