$1,200 for school supplies? Price rate jumps triple inflation [View all]

[Sherman A1]

Parents, you aren’t imagining it. School supplies are more expensive this year.

Huntington National Bank’s annual Backpack Index shows school supply prices jumped an average of 7.3 percent this year, far outpacing inflation at 1.39 percent.

Almost every basic item has risen in cost since last year, some by only pennies, others by up to $10, according to the analysis.

“We’re not sure what’s driving (the increases). Maybe plastic is more expensive,” said Mark Reitzes, president of the Southern Ohio/Kentucky region for Huntington.


http://news.cincinnati.com/article/20130725/NEWS0102/307250014/-1-200-school-supplies-Price-rate-jumps-triple-inflation