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“We look across millions of consumers at every economic level and income level and no one is immune to rising inflation in their daily lives,” said Brian Mandelbaum, CEO, Clover, a company that provides consumer information in the field of personal finance and commerce, in an interview with CNN. The most affected are those households that live paycheck to paycheck, on a very fixed budget.”
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Clover, which collects data on the household spending of more than 3 million American users, as well as data on the price of various products, examined the price changes from year to year for the most common items on the annual back-to-school shopping list – from pencils and pens, to clothes and sneakers .