Tag: Black Friday

Higher Prices Hit the Holiday Season as Black Friday Approaches

The Center Square

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% in the past year, and overall food costs increased 10.9% in the same time.

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Thanksgiving Dinner, Travel, Black Friday Shopping More Expensive as Inflation Continues to Rise

The Center Square
People on an escalator in an indoor shopping mall

As Americans prepare for Thanksgiving this year, traveling and cooking a family dinner will be significantly more expensive.

Inflation has increased by more than 6.2% this year, according to the consumer price index (CPI), representing the highest rate of price hikes in nearly 31 years.

In January 2021, before Biden “took over the presidency, annual inflation was at a stable 1.4 percent,” Americans for Tax Reform notes. “While inflation has already hit American families hard, President [Joe] Biden is pushing policies which would make this problem even worse.”

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Black Friday, Small Business Saturday, and Cyber Monday in 2020

Eric Burk

Retailers like Target and Walmart stretched out their traditional Black Friday sales throughout the whole month, but post-Thanksgiving shopping sprees will still be available, according to press releases from the companies. Cyber Monday will feature big deals online as usual, but don’t forget Giving Tuesday and Small Business Saturday.

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