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Back-to-School Season: Inflation Hits School Supplies Shopping

Prices of school supplies rise due to demand (Photo: CapWay)

As the back-to-school season approaches, it has become apparent that the cost of school supplies has increased significantly. This price increase can be attributed to the high demand for school materials.

Back-to-school season is back! (Photo: NBC News)

Inflation Impacting School Supplies Shopping

According to a recent news report by ABC57, the expenses associated with purchasing school supplies have surged by a significant $25 compared to the previous year. This rise in cost marks the highest price increase on record, mainly owing to inflationary pressures.

Many have voiced their concerns about the price hike of school supplies, which was higher than the previous years. In addition, it was mentioned to the shoppers how it was harder to get good deals and that it is crucial to plan the budget to avoid any financial stress.

READ ALSO: Save Up: How Your Taxes Could Increase If You’re A High Earner With This Proposed Law

Save and Beat Inflation

Given the high demand for school supplies. It would be wise to use coupons for buying items to save more money, and in some sense, it would be a way to beat inflation.

By utilizing coupons, shoppers can stretch their budgets and make their money go further. Additionally, coupons can often be used for various products and not only school supplies, making them a versatile and valuable asset for consumers looking to make the most of their money.

READ ALSO: Student Loan Forgiveness Update: Is Student Loan Forgiveness Still Happening? Here’s What You Should Know!

 

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