Posted by on November 24, 2022 3:45 am
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Categories: Breaking News Epoch Times News

Higher Prices Hit the Holiday Season as Black Friday Approaches

Americans will pay higher prices for a range of goods and services for the Thanksgiving holiday and Black Friday shopping this year, and it looks like things may only get worse as we draw nearer to Christmas.
Those driving for the holidays and of course those preparing the Thanksgiving meal will pay the price this year. Federal inflation data from the Commerce Department shows energy costs have risen 17.6 percent in the past year, and overall food costs increased 10.9 percent in the same time.
“Inflation is really taking the joy out of Christmas shopping this year,” said E.J. Antoni, an economic expert at the Heritage Foundation. “Families are also thinking twice about putting their purchases on credit cards, since interest rates are rising.”…

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