Santa’s sleigh isn’t the only thing soaring this year—U.S. holiday prices are hitting record highs! 📈 According to U.S. Department of Labor data, the Consumer Price Index spiked 6.2% in October compared to last year, marking the highest inflation rate since 1990. Translation? Everything from gifts to groceries is getting a not-so-festive price hike.
CGTN vlogger Matteo hit Californian stores and gas stations to see the reality: 🛒 Turkeys that cost 25% more, fuel prices burning holes in wallets, and Christmas decor that’s suddenly a luxury. One shopper told him, ‘I’m rethinking my gift list—maybe fewer presents, more cookies?’ 🍪
Experts warn this could reshape holiday traditions, with families opting for DIY gifts or smaller gatherings. 💔 Whether you’re Team ‘Buy Now’ or ‘Wait for Discounts,’ one thing’s clear: 2023’s Christmas cheer comes with a hefty receipt. 🧾
