Higher Prices Hit the Holiday Season as Black Friday Approaches

Higher Prices Hit the Holiday Season as Black Friday Approaches
People shop for clothing at a Costco store in Monterey Park, Calif., on Nov. 22, 2022. Frederic J. Brown/AFP via Getty Images
The Center Square
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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.

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