DAYTON — Many parents have noticed that the price of school supplies is up this year.
News Center 7′s Dontre Drexelius reports inflation continues to take a toll on family budgets.
The price of apparel is up 5.1% over the last 12 months, according to the Bureau of Labor Statistics.
Education and supplies have increased by 3.1% and stationary is even higher, up 11%. This includes notebook and paper.
Still, after two school years were interrupted by Covid-19, most parents and caregivers are willing to spend, says Katherine Cullen of the National Retail Federation.
“Consumers really view this season as an essential category, regardless of what’s going on with the economy,” she said.
Drexelius says more than a third of consumers surveyed for the National Retail Federation’s annual Back to School Report and it says some were willing to cut other spending just to cover the cost of items for the school year.
Shoppers have tried to ease costs by starting earlier to spread spending out and avoiding any supply shortages, the organization said.
“It did spur them to start shopping a little earlier, that as well as some of the higher prices,” Cullen said. “People do want to give themselves more time.”
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