Halloween spending is taking a hit this year as inflation affects everything from costumes to candy prices.
Rising costs have pushed many Americans to scale back their Halloween plans, with a recent survey showing that some 53% of consumers say higher prices will affect their holiday spending.
The Halloween and Costume Association, an industry trade group comprised of 30 costume companies, found that 26% plan to spend less than last year. That tracks with data from the National Retail Federation, which estimates Americans will spend $11.6 billion on Halloween this year—down from $12.2 billion last year.
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