Back-to-school inflation: What costs more this year? (2024)

For a lot of families, late August means back-to-school shopping, which for the past few years has meant bracing for the painful price of everyday essentials.

School textbooks and supplies have continued to increase in costs this year, and while the cost of lunch and snacks is about the same as it was a year ago, the price of filling a lunch bag has gone up dramatically compared to three years ago.

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According to the latest consumer price index update, inflation in July slowed to 2.5 per cent compared to a year prior. And while that number is the lowest it’s been since March 2021, a falling inflation rate in 2024 doesn’t erase the past three years of accelerating costs.

The overall consumer price index is up about 14 per cent compared to three years ago, and that increase shows up in parents’ shopping carts — especially in lunch foods and snacks.

For the most part, there are no shocking jumps in costs this year compared to last year. Some items, including children’s clothing and footwear, have actually slowly come down in price, according to Statistics Canada.

But for at least one Toronto charity, an ebbing inflation has also been mirrored by a slowdown in donations, resulting in less support for struggling families.

Hidden mental health costs

Sarah Robinson, the founder and executive director of charity organization Toronto Cares, is currently organizing a back-to-school drive, raising funds to supply students in need with fully stocked backpacks.

She says she initially just wanted to help people during the COVID-19 pandemic, but her efforts grew into becoming a full registered charity. This is Robinson’s third year doing back-to-school drives — but she says it’s been the smallest year yet in terms of the number of students they’ve been able to help.

"The further we get from the pandemic, the more people forget about low-income families and how much support they still need," Robinson says.

She says larger donations from corporations have fallen off compared to past years, and the group has only been able pull together funding for 300 children, compared to 600 last year. That leaves many families sitting on a waitlist until more donations come through.

Robinson says it’s disappointing because of how important it is for children to feel like they fit in with their peers.

"To be able to go into school and show off your new backpack and show off your new lunch pail — that is a crucial part of their mental health," she says.

"And that's something that we really focus on is that it's not just about the financial requirements, it's about making sure these kids are feeling good about themselves when they walk into a classroom."

Sandwich costs biting hard

The cost of food has been particularly hard-hit by inflation over the past few years. Sending a student off with a sandwich will cost about the same as it did last year – but that’s only after ingredients skyrocketed in the two years prior.

For snacks, an apple a day has become less healthy for your bank account – but bananas have remained steady in cost.

The consumer price index groups "school textbooks and supplies" into one category, which shows costs are up 3.9 per cent since last year, and 7.9 per cent compared to three years ago.

The cost of stationery in particular has gone up more than 33 per cent in three years.

Not everything has gone up though, according to the index. The cost of clothingand footwear for children has actually gone down compared to last year.

And paying for cell service and internet has also become more affordable over the past few years, with cell service in particular down almost 27 per cent compared to 2021, according to the consumer price index.

Robinson says even if prices for some things have levelled off, for many families, the inflated cost of grocery bills have eaten into what would have been left for this time of year.

"As inflation has really started to spike, we're seeing families that might have been able to just get by a couple of years ago that now can't afford anything," she says. "The rising cost of all of our food has made it so that [these families] can't afford things like back to school."

  • The latest on inflation in Canada

For those who want to help out, Robinson says donating to local organizations is the best way to get supplies into the hands of families in need – and cutting back on your own costs might be an easy way to find the funds.

"If you're going to spend $60 on a backpack, you can buy a $40 backpack and donate the other $20 to a family that could really use the support."

Back-to-school inflation: What costs more this year? (2024)

FAQs

Back-to-school inflation: What costs more this year? ›

With the cost of school supplies increasing, up 24.5% over the past four years according to the labor department, parents are already weighing the cost of certain necessities and their priorities in preparation for the new year, according to Deloitte's 2024 back to school survey.

Which items has inflation most impacted for back to school shopping? ›

Back to School Supplies with Highest Inflation 2022 – 2023
Product2022 – 2023
FoldersMISSING: sparkline $11.43 $15.18
Index CardsMISSING: sparkline $6.74 $10.07
CrayonsMISSING: sparkline $10.43 $13.01
Red PensMISSING: sparkline $6.19 $6.98
8 more rows

Are school supplies getting more expensive? ›

With the cost of school supplies increasing, up 24.5% over the past four years according to the labor department, parents are already weighing the cost of certain necessities and their priorities in preparation for the new year, according to Deloitte's 2024 back to school survey.

How much should back to school shopping be? ›

Deloitte estimates spending per child to be $586 on average. Due to funding shortfalls to cover necessities in the classroom, teachers report spending $500 to $750 of their own money on supplies for their students. Many send parents a list of classroom supplies their children will need.

What are back to school retail trends in 2024? ›

Spending on clothing and school supplies are expected to remain flat while tech spending is expected to fall 11%, mirroring broader trends. As a focus on economizing endures, value will remain key for marketers to thrive in a season marked by “cautious and careful spending,” Skelly said.

What products are hardest hit by inflation? ›

Top 10 inflation categories for December 2022
Food at elementary + secondary schools305.2%
Butter31.4%
Airfare28.5%
Lettuce24.9%
Flour + prepared flour mixes23.4%
5 more rows
Jan 13, 2023

What items are not affected by inflation? ›

The 5 Foods Least Affected by Inflation
  • Tomatoes. Interestingly, tomatoes have seen the lowest increase in price over the last year, at just 1.7%. ...
  • Cheese. Another relief: cheese prices haven't been terribly affected by inflation, at least as of this month. ...
  • Ice Cream. ...
  • Potatoes. ...
  • Canned fish and seafood.
May 24, 2022

What are the most purchased back to school item? ›

The most popular items tend to be pens, notebooks, and laptops, but we couldn't resist adding a few mood-boosting sticky notes and adorable desk decor (look at this toaster lamp) to help keep you motivated throughout the school year.

What is the best month to buy school supplies? ›

School supplies go on sale at the beginning of August, and stores often offer coupons and deals around that time. In general, you can expect the best discount on school supplies from August to September or several weeks after the school year has begun.

What do schools spend the most money on? ›

Instruction: Teachers' salaries and benefits are generally the most expensive elements of a school, and schools typically use most of their budgets to cover these costs. Operation and Maintenance: A school cannot function if its physical plant is in poor repair.

What are back to school shoppers spending the most money on? ›

Electronics and computer-related equipment are the most costly back-to-school expenses. Back to school cart. More Americans are expected to go into debt this year to pay for school supplies, a new survey found.

How much does the average parent spend on school supplies? ›

Parents, meanwhile, must reach into their wallets to make sure their students have the supplies they need for a successful school year. In fact, parents nationwide spend an average of $701 per child, per year, on back-to-school items, according to a new survey.

How much does the average parent spend on back to school clothes? ›

Families' biggest expected expenses were $423 on average for apparel ($253 for clothes and $170 for shoes); $309 for electronics, and $141 for school supplies, NRF data show. College students and their families plan to spend even more: an average of $1,364.75.

What is the back-to-school spending forecast? ›

Key takeaways. Back-to-school spending for K-12 students will likely remain flat, estimated to reach a collective $31.3 billion, or approximately $586 per student, according to those surveyed.

How much do Americans spend on back-to-school supplies? ›

The average American household will spend $253 on back-to-school clothing while spending an additional $170 on shoes and $141 on school supplies. Back-to-college spending is expected to reach $86.6 billion this year, the NRF said.

What types of stores are back-to-school consumers most shopping at? ›

Over half (57%) of US consumers will conduct their back-to-school shopping online, per the National Retail Federation's (NRF) annual survey. Other shopping destinations include department stores (50%), discount stores (47%), clothing stores (42%), and electronics stores (23%).

What products is inflation affecting the most? ›

Post-pandemic inflation: What's risen the most and what's gotten cheaper
ItemFebruary 2020-June 2024 increase
Motor vehicle insurance47.2%
Motor vehicle repair45.2%
Fuel oil42.8%
Crackers, breads and cracker products42.5%
7 more rows
Jul 11, 2024

How has inflation affected school supplies? ›

Stubborn inflation and high interest rates are making consumers think twice about their spending, and back-to-school shopping is no exception. Prices for school supplies have risen 25% since 2020, according to Deloitte's calculations.

What is a product that is high in demand at back-to-school time? ›

Boost in Consumer Spending. Parents, students, and teachers seek essential supplies and the latest trends. From stationery to tech gadgets, the demand skyrockets during this time. By having the right products in stock, you can tap into this surge in spending and boost your revenue.

What are the most purchased back-to-school item? ›

The most popular items tend to be pens, notebooks, and laptops, but we couldn't resist adding a few mood-boosting sticky notes and adorable desk decor (look at this toaster lamp) to help keep you motivated throughout the school year.

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