This will be an incredibly expensive Christmas. Shoppers don't care
CNN
You've probably noticed that prices have gone up on groceries, essentials, home appliances, fast food and all sorts of consumer goods. Inflation is at more than a decade-long high.
That means 2021 will be among the most expensive holiday shopping seasons ever. But shoppers aren't holding back just yet. Companies are confident you'll keep paying higher prices, especially during the holidays.
They'd better be right: If consumers get sticker shock and decide to pull back spending, the US economy could be in big trouble.
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