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GOBankingRates
GOBankingRates
Angela Mae

Holiday Retail Tariffs: How Much Are You Paying This Christmas Season vs. Last Year?

Vitalii Petrushenko / Getty Images/iStockphoto

Money flows during the winter holidays. The National Retail Federation’s (NRF) annual consumer survey found that consumers spent $901.99 on gifts, decor, food and other seasonal goods last year. Spending is expected to decrease slightly this year — down to $890.49 — but not because costs are suddenly lower.

In fact, inflation and tariffs have hiked up prices across the board. From Christmas gifts to greeting cards, you’re likely to spend more money this year for the same thing than you did before.

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