NEW YORK (AP) – Consumers holding out for big deals–and some much-needed relief from soaring costs on just about everything–may be disappointed as they head into the busiest shopping season of the year.
While retailers are advertising sales of 50%, 60%, and 70% off everything from TVs to gadgets, many items will still cost more than they did last year because of inflation and finding a true bargain may prove to be a challenge.
From September through October, shoppers paid roughly 18% more for electronics and appliances than they did a year ago, according to analytics company DataWeave. For toys, they paid nearly 3% more.
By Anne D’Innocenzio and Cora Lewis, Associated Press
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