The Rise In Christmas Prices Over The Past Year

Lexi Shelley

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Last year's Christmas prices for goods and services were significantly lower than this year's. According to Department of Labor data, prices have risen 7.6 percent. Everything is much more expensive, and a lot of parents have complained about the increase in prices. Americans spend about an average of 231 dollars on holiday decorations. Because of price inflation, the cost of decorations will be close to $247 this year. Even light strands have gone up to $15.12 for a single strand. As of 2022, consumers will spend an average of $997.73 up to $1,455 on gifts and decorations. Compared to last year's price of $832.84, on average the price has gone up $164.89–$622.16 this year. 27% of people expect to take on debt for holiday purchases, and 44% of holiday shoppers who make under $40,000 a year say this year's inflation will change how they shop. The average shopper is only expected to buy nine gifts this year, compared to last year's 16. Over half of shoppers began shopping for the holidays in November. Most people have been making a budget for this year so they don't either go into debt or have money left over for after the holidays.