Easter Spending To Hit 13 Year High

By Serena Elavia Lifestyle and Budget FOXBusiness

Chocolate Easter bunnies are seen at a cash and carry market of Metro AG in Sankt Augustin near Bonn March 18, 2013. Germany's biggest retailer Metro AG will present their results for the year 2012 in Duesseldorf on March 20, 2013. REUTERS/Wolfgang ... Rattay (GERMANY - Tags: BUSINESS FOOD RELIGION) - RTR3F5IS

The National Retail Federation (NRF) expects Easter spending this year to reach a 13 year high of $17.3 billion. 

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According to the NRF, people celebrating will spend an average of $146 per person. The most spending will be done on food with a total of $5.5 billion, followed by $3 billion on clothing, $2.7 billion on gifts and $2.4 billion on candy. 

NRF President and CEO Matthew Shay said in a press release that shoppers should expect a number of promotions related to Easter merchandise. 

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