New York (CNNBusiness) As parents and teachers prepare for students to return to classrooms this fall, they're grappling with how much more the most basic school supplies will cost. From glue, markers, pens and tape to backpacks, sneakers, even underwear, price tags on these necessities have jumped over the last year as inflation makes all kinds of purchases costlier. Families may already be adjusting their household budgets to absorb higher prices, but when everything costs more, it adds up. "The most impacted are those households who are living paycheck to paycheck, on a very fixed budget." Klover, which collects consented spending data from its more than 3 million consumer users as well as point of sale pricing data, looked at year-over-year price changes for the most common items on annual back-to-school shopping lists — everything from pencils and pens to clothing and sneakers.

Source: CNN August 12, 2022 02:40 UTC