Back-to-school prices up 10 percent on average

August 19, 2011 (CHICAGO)

Prices for clothes and supplies are up an average of 10 percent because the price of raw materials has increased an average of 27 percent since last year.

Production and labor costs are also expected to rise, so parents may want to 'shop' their kids' closets first.

With a little washing, maybe a new button or a lengthened hem, some items may be good as new.

Try consignment stores - prices may be 50 percent lower - and wait if you can - clearance sales begin at the end of September.

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