Prices are starting to level out, with some toys, electronics and apparel cheaper than last year. Why are retailers expecting a muted shopping season?
Some good news for the holiday season: shopping for gifts this year will probably be a bit cheaper than last year. The bad news? Consumers just aren’t feeling the holiday cheer – and with good reason.
After over a year of high inflation, prices in the US are starting to level out, with drops in prices of some goods. The cost of a dozen eggs went from an average of $4.83 down to an average of $2.07 this October. Gas prices surpassed $5 a gallon in summer 2022, and are now down to a national average of $3.30.
About Author
More Stories
Canadian company in negotiations with Trump to mine seabed
Australian house prices hit new peak as rate cut drives buyer demand
Hyundai facing legal action over car that can be stolen ‘effortlessly in seconds’