Inflation's lingering impact on back-to-school shopping
The consumer price index (CPI) has shown some signs of relief, with inflation in July 2024 slowing to 2.5 percent compared to the previous year. This marks the lowest rate since March 2021. However, a reduction in the inflation rate does not reverse the substantial increases experienced over the past few years. The overall CPI has risen by about 14 percent compared to three years ago, and this increase is clearly reflected in the prices of goods essential for back-to-school shopping.
One of the most noticeable impacts is on the cost of school textbooks and supplies. According to the latest data, these costs have increased by 3.9 percent since last year and by 7.9 percent compared to three years ago. Stationery, in particular, has seen a dramatic price hike, with costs rising by more than 33 percent in just three years.
While some items have stabilized or even decreased slightly, such as children's clothing and footwear, which have seen a modest drop in prices, the overall financial burden on families remains high. The cost of food, especially lunch items, has been particularly hard hit by inflation. Although the price of packing a sandwich for school has not risen sharply compared to last year, this is only after a significant increase in the cost of ingredients over the preceding years. The price of healthy snacks, like apples, has also increased, making it more expensive to fill lunch bags.
Charitable organizations struggle as donations dwindle
As inflation continues to strain family budgets, charitable organizations that provide back-to-school support are also feeling the effects. Sarah Robinson, the founder and executive director of Toronto Cares, a charity that organizes back-to-school drives, has noticed a decline in donations compared to previous years. Robinson's organization, which became a fully registered charity during the COVID-19 pandemic, is now facing its smallest year in terms of the number of students they can help.
Robinson explains that as time passes since the peak of the pandemic, there is a growing sense of complacency, with fewer people recognizing the ongoing need for support among low-income families. This year, Toronto Cares has only been able to raise enough funds to provide backpacks and school supplies for 300 children, compared to 600 last year. As a result, many families remain on a waiting list, hoping for additional donations.
The reduction in corporate donations has been particularly significant, further exacerbating the challenge of meeting the needs of struggling families. Robinson emphasizes the importance of providing children with the resources they need to feel confident and included when they return to school. "To be able to go into school and show off your new backpack and show off your new lunch pail — that is a crucial part of their mental health," she says.
The hidden costs of inflation on mental health
Robinson also highlights the less obvious, but equally important, impact of inflation on children's mental health. The inability to afford new school supplies or lunch items can leave children feeling alienated from their peers, affecting their self-esteem and overall well-being. For many families, the rising cost of groceries has consumed what little disposable income they might have had, leaving them unable to afford even the most basic back-to-school necessities.
While some costs, like those for cell service and internet, have decreased over the past few years, these savings are not enough to offset the overall rise in living expenses. The ongoing economic pressures are pushing more families to the brink, with even those who previously managed to get by now struggling to make ends meet.
Supporting families in need: a call to action
In light of these challenges, Robinson urges those who are able to consider donating to local organizations that support families in need. Even small contributions can make a significant difference. For example, choosing to spend a little less on a new backpack and donating the savings can help provide essential supplies to a child who might otherwise go without.
As families prepare for the new school year, the continued rise in costs serves as a reminder of the ongoing economic challenges faced by many. Charitable organizations like Toronto Cares play a crucial role in bridging the gap, but they need the support of the community to continue their vital work. By coming together and making even small sacrifices, it is possible to ensure that all children have the resources they need to start the school year on equal footing.
source: CTV NEWS