The rising cost of back-to-school shopping
STORY: Inflation is pushing up the cost of just about everything students and teachers need for September
Source: Deloitte
On average, U.S. parents will spend $661 on back-to-school shopping, 8% more than last year
Source: NielsenIQ
Folders and binders cost 17% more than a year ago
Source: NielsenIQ
And prices are up 23% for graph paper, 8% for scissors, and 28% for book covers
Source: National Retail Federation survey
In a July survey, 47% of consumers said they were switching to cheaper options due to higher prices
Some teachers have formed groups to buy supplies in bulk to cut down on costs
Others are seeing fewer donations to their Amazon wish lists for classroom supplies