Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.
As high inflation persists, consumers may be faced with making trade-offs when it comes to their holiday shopping budgets. Data from online coupon company PayPal Honey provided to Forbes Advisor shows that’ll be a tough task to accomplish—nearly every popular holiday gift is more expensive this year than in 2021.
Creating a holiday shopping budget won’t be enough to keep your spending in check this year. Consumers need to be aware of just how much extra their typical gifts will cost —and what it will require to maximize their holiday savings.
Jewelry, Hair Dryers See Big Price Increases This Year
The most popular holiday gift categories include electronics, toys, jewelry and clothing. Three out of four of these categories are more expensive this year, according to data from PayPal Honey. Jewelry, in particular, is 31% more expensive this year than in 2021. However, overall prices for clothes have dropped.
!function(){“use strict”;window.addEventListener(“message”,(function(e){if(void 0!==e.data[“datawrapper-height”]){var t=document.querySelectorAll(“iframe”);for(var a in e.data[“datawrapper-height”])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[“datawrapper-height”][a]+”px”}}}))}();
If jewelry is on your shopping list, consider how…
