“2 in 5 Americans say inflation will change their holiday shopping habits this year…”

“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year.

Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed the food at home index, which reflects how much you’ll pay for grocery items, had increased 13.5% over the past year. A rise in grocery store prices could also mean holiday dinner items are more expensive this year than they were last year. The price of apparel, often a popular choice for holiday gift giving, has also gone up 5.2% year over year.

With that in mind, it makes sense that 84% of holiday shoppers questioned in the Bankrate survey said they would try to save money this year, with 40% saying they’d be buying fewer items, 21% saying they’d be purchasing gifts from cheaper brands and 41% saying they’d be seeking out coupons, sales and other discounts. 17% of holiday shoppers said they’d be making more DIY gifts, while another 11% said they’d be giving used or secondhand items as presents. 17% of respondents said they’d be using credit card rewards to help offset costs, while 27% said they’d be starting their shopping sooner than in previous years…”

https://www.cnbc.com/select/how-inflation-changes-holiday-shopping-and-how-to-save-money/