Deep Dive: Inflation has New Yorkers limiting any extras when they shop

In this week's Deep Dive, News 12's Kristie Reeter has a look at just how much costs have been rising on the things we buy every day.

News 12 Staff

Dec 17, 2021, 10:48 AM

Updated 857 days ago

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From utilities, to cars, to alcohol and meat, prices are up across the board.
In this week's Deep Dive, News 12's Kristie Reeter has a look at just how much costs have been rising on the things we buy every day.
In a News 12 poll, most New York participants said they are limiting any extras when shopping.
"Inflation is very real, up 5 to 6% from a year ago, but we are feeling it everywhere we really spend money. Just look at gas prices, 60.4% year over year, used cars and trucks up 31.8%," says Caleb Silver of Investopedia.
When it comes to fuels and utilities - like home heating - that's up 9.5%, Silver says, and food is up 6.5% from last year.
What kind of impact will inflation have on people's holiday shopping?
"We were expecting holiday sales to be up 8 to 10% from last year, about $1.8 trillion, a $1,000 per person on spend, but we are already seeing softness in retail spending in November especially in electronic stores and especially in apparel," says silver.


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