Back-To-School Shopping 40% More Expensive For Most Families
WEST HOLLYWOOD, CA – JULY 31: Soleil Moon Frye goes back-to-school shopping at Target on July 31, 2014 in West Hollywood, California. (Photo by Joe Scarnici/Getty Images for Target)
Inflation has made back-to-school shopping a lot more expensive for most families.
According to the National Retail Federal (NRF), families will spend an average of 40% more on back-to-school items compared to fall of 2019.
The biggest price hikes? Stationary (21.8% higher), furniture (21.1% higher), and shoes (9.9% higher).
A total of $37 billion will be spent on back-to-school shopping this year.
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