WATCH: How to navigate rising prices this holiday season

With inflation on the rise, Elizabeth Schulze from ABC News dives into what consumers can expect this holiday season in terms of prices. The latest inflation report highlights significant increases in various goods and services, making it crucial for families to plan and budget accordingly. This surge in costs underscores the broader economic challenges many are facing, potentially altering holiday shopping habits and overall consumer spending. Understanding these trends is key for anyone planning to navigate the festive season financially.