(NEW YORK) — Parents faced steeper prices for back-to-school shopping this year, with costs rising 7.3% amid tariffs, according to a new Century Foundation report.

The price hikes affected everything from basic supplies to electronics, with some items seeing dramatic increases. Index cards jumped 42%, while three-ring binders cost nearly 13% more than last year, ABC News business correspondent Alexis Christoforous reported.

“Parents are facing price increases across a number of categories when it comes to school supplies,” Dr. Sarah Dickerson, a research economist at UNC Chapel Hill Kenan-Flagler Business School, told ABC11. “If we look at pencils, for instance, we know the wooden pencils are imported from Brazil. We are anticipating price hikes there.”

According to Capital One Shopping

See Full Page