April 11, 2022
CBS Boston recently published insight featuring Jay Zagorsky, Senior Lecturer in Markets, Public Policy, and Law, about the expected rise in prices this Easter and Passover season.
National inflation is currently holding at 8%, but according to Jay the prices of the food and clothing that the holidays usually demand have increased even more. He estimates that people around the country are going to combine for about $20 billion in holiday spending.
However, not all items have increased at the same rate of inflation. It appears as if items like candy and wine, which are typically consumed more often during the holidays, have only risen slightly this year. Jay believes this is because of the shelf life of these items, stating,
“The categories that are up the most are things that cannot be stored, that are not inventoried. Like fresh meat, fresh eggs.”