The rising cost of back-to-school shopping

STORY: Inflation is pushing up the cost of just about everything students and teachers need for September

Source: Deloitte

On average, U.S. parents will spend $661 on back-to-school shopping, 8% more than last year

Source: NielsenIQ

Folders and binders cost 17% more than a year ago

Source: NielsenIQ

And prices are up 23% for graph paper, 8% for scissors, and 28% for book covers

Source: National Retail Federation survey

In a July survey, 47% of consumers said they were switching to cheaper options due to higher prices

Some teachers have formed groups to buy supplies in bulk to cut down on costs

Others are seeing fewer donations to their Amazon wish lists for classroom supplies