Is Inflation Even Hitting Tooth Fairy Money?

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That’s the average the Tooth Fairy now pays per tooth, according to a newly released poll—a record high since the poll began in 1998.

Even magical creatures like the Tooth Fairy are not immune to down-to-earth concerns such as today’s rapidly rising inflation, it seems. The amount the pixie paid children for each lost baby tooth jumped 66 cents, or 14%, since last year to reach the all-time high of $5.36—a far cry from the $1.30 that kids netted when insurer Delta Dental began polling parents annually 24 years ago.

(If you’re wondering, the latest figure—from a January poll of more than 1,000 parents of children 6-12—would mean the entire mouthful of 20 baby teeth you lose during childhood would cost a total of $107.20.)

"With this year's Delta Dental-sponsored national poll reflecting double-digit growth in Tooth Fairy giving, perhaps the Tooth Fairy is experiencing the effects of inflation along with being very generous,” André Richards, an assistant vice president for Delta Dental’s umbrella association, said in a statement.

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