NewsBack to School


Record inflation hitting Texans' savings as back-to-school shopping continues

Posted at 1:31 PM, Aug 16, 2022
and last updated 2022-08-17 10:03:09-04

School is back in session and for parents and teachers alike, that means it's time to purchase back-to-school supplies.

The annual inflation rate for the United States is 8.5 percent for the 12 months ending in July 2022.

Rising 9.1 percent since last year — this figure represents the most change since November 1981, according to U.S. Labor Department.

The prices of goods are rising, including textbooks, composition books and other back-to-school necessities.

Teacher Christopher Owusu from Copperas Cove ISD said, “For composition notebooks, it used to cost 49 cents, but now it's more so like $1.50 and that adds up if a parent has multiple children for them to get the school supplies...therefore the grab-n-go covered that brunt to where the parents may not have it we have it in the classroom.”

Coming up tonight at 6, we will bring you more on organizations providing back-to-school resources and the cost of school items this year in comparison to years previously.