NPR

Binders, backpacks... and inflation are on this year's back-to-school shopping list

This year's back-to-school shopping season lands in the middle of the highest inflation in four decades — how will this affect spending?

Back-to-school shopping for her three children, Stephanie Maddox recently picked up a bottle of hand sanitizer and noticed it was more expensive than she remembered. Then, she looked at binders, finding fewer options, all with higher price tags.

"My budget is bigger this year ... but it seems like it doesn't matter much," says Maddox, from

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