Holiday shopping forecast: Most and least expensive gift categories
We’re breaking down the most and least expensive gift categories with UMD’s Bureau of Business and Economic Research Director.
UMD’s Bureau of Business and Economic Research is looking into how this holiday shopping season will go.
Director Monica Haynes says U.S. shoppers are feeling more optimistic and plan to spend 8% more than last year.
Haynes said buying power has improved over the last year with inflation back to pre-pandemic levels.
She broke down a few common gifting categories in which prices have gone up or down.
Least affordable gifts:
- Apparel: +2.6%
- Jewelry: +6.5%
- Photography equipment: +10.1%
- Sports tickets: +15.1%
Most affordable gifts:
- Sporting goods: -2.5%
- Computers/electronics: -5.7%
- Toys/games: -6.3%
Related
Festive shopping experience expands in Pittsburgh’s Market Square
PITTSBURGH (KDKA) — The Peoples Gas Holiday Market opened in Market Square on Friday.And this year, there's something new for shoppers hoping to find the perf
Green Tips: How to reduce impact of online shopping –…
It’s almost that time of year again when friends and families come together to share in the joyful season, exchange gifts, enjoy holiday festivities an
Make Ends Meet: Getting the most out of Black Friday…
LOUISVILLE, Ky. (WAVE) - For many years Black Friday marked the start of the Christmas shopping season. For many families it has been a long-standing tradition
Sponsor spotlight: The ultimate guide to downtown Edmonds holiday shopping…
Photo by Matt Hulbert When you live and love local like we do, your approach to holiday gifting starts close to home. Investing in your city and its shops ju
