Inflation affects purchasing power during holiday shopping season
December 14, 2022
Between the holiday wreaths adorning Front Street shops and the tall tree next to Elks Lodge, it’s beginning to look a lot like Christmas. But for some, the season may look a little leaner this year as residents and local businesses feel the costly effects of inflation during the holiday shopping season.
The current price hikes are the worst that City Market assistant store director Matthew Strickland has seen in his 10 years of retail experience. Large 20-pound bags of rice that cost roughly $25 a year ago are now sitting around $42. Many products that used to be in stock are now unavai...