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Inflation and holiday shopping explained

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  • Staff Report 

Those who are already buying Christmas gifts may notice that inflation is impacting what they’re paying.

While things appear to be more expensive, one shopper told CNY Central that she was going to cut back on shopping but changed her mind. She said she spent the same amount this year as previous years but inflation has not been an issue thanks to major bargains stores have.

According to Syracuse University Supply Chain Expert Patrick Penfield, there may be major deals this year. He explained that stores have an excess of inventory this year so there should be some big sales. He said that stores have one month to sell as much as they can, so retailers will likely be aggressive in doing that.

Penfield went on to explain that it isn’t the price of gifts that cost more, but it’s the impacts of inflation on other things like gas and groceries. This leaves people with less of a disposable income to buy gifts.

Categories: New York StateNews