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Price of back-to-school supplies skyrockets

11:00 PM, Jul 25, 2013   |    comments
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JACKSONVILLE, Fla. -- If your kids are heading back to school, get ready to shell out big bucks for supplies.

A new study found the price of school supplies is going up at a staggering rate.

A study by Huntington National Bank found this is what you can expect to spend on back to school supplies:  

For Elementary School: $577

For Middle School: $763

For High School: $1,223

"Paper, pencils, composition notebooks, hand sanitizer," said Natasha Fleming.

The teacher is stocking up on school supplies for her second grade classroom, but also keeping an eye out for deals for back-to-school supplies for her daughter.

"She's transitioning from elementary school to middle school, so I'm nervous for her," she said.

Shopping around, she noticed prices have been going up, but she didn't realize by how much.

A new study by Huntington National Bank's annual Backpack Index found prices have jumped 7.3 percent this year.

A graphic calculator Fleming could have picked up for $90 bucks last year, is now more than $100 dollars in some stores.

"I wouldn't be surprised. It seems like a lot of things have went up," she said.

People who ran the survey said they weren't sure what caused the spike in price, but Fleming said some parents at her school were already struggling to buy back-to-school supplies.

"Year to year, I run in to that, I have two or three students that don't have everything I request on the supply list," she said.

When that happens, Fleming usually picks up the tab herself.

The National School Supply and Equipment Association found teachers will spend $347 dollars of their own money to help students in need.

"I buy back to school supplies for my students who can't afford it, so I give out money, and spend it on my class," she said.  

But she keeps her eye out for a deal, and said she's ready to bargain hunt for her daughter.

"I'll get her list and jump on it," she said.

First Coast News

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