Valentine’s Day Index


33
Valentine's Day Index

Valentine’s Day Index

💕

The relative affordability of the Valentine’s Day Index is as important as what’s not in it. Energy commodities (up 49% in 2021) and used cars and trucks (up 37%) are both notably absent. Some other categories with double-digit inflation in 2021 you can avoid on Valentine’s Day: living room, kitchen and dining furniture (+17%), washing machines (+12%), men’s suits (+11%), and new cars (+12%). Car rental (+36%) is also very high, so if you’re traveling, choose a taxi or ride-hailing service.

A night out and a night out is still relatively affordable

Looking at the cost of an evening, while sweets, home-cooked meals, and flowers are all roughly in line with core CPI inflation (excluding food and energy), the fourth element, a glass of wine at home, has barely risen in price (if you’re wondering , the Bureau of Labor Statistics does specifically track wine prices for household consumption). However, you might want to think about what you’re doing since the prices of some food items have gone up a lot. Meat, poultry, fish and eggs are up about 12% in 2021; fruits and vegetables are up about 5%; but your best bet may be to skip dinner and go straight to dessert sundaes because of dairy prices Only up about 2%.

The price of eating out has risen by nearly 7%, faster than that of eating in, but childcare costs are still relatively limited, so hiring a babysitter in 2021 won’t cost you much, if you can find one. Responsible older siblings are always a good budget option, but require years of advance planning.

When it comes to vacations, hotel prices surged last year, rising nearly 28% in 2020 after falling 11%. Airfare prices also fell sharply in 2020, down nearly 20%, but were little changed in 2021, climbing just over 1%. Airfare costs, however, have soared from 2022, rising by more than 2% in January alone, likely due to higher fuel costs.

Jewelry is the component with the largest price increase in 2020 and 2021, with an annualized growth rate of 4.1%, but compared to the increase in all other categories, jewelry prices actually decreased slightly from 2012 to 2019, so it may now be Not a good time to buy something sparkly for your sweetheart if you will.

Time is still the best gift

We had a great time on Valentine’s Day and had the opportunity to treat ourselves and our loved ones with little extravagances. After nearly two years navigating COVID-19 and its impact on our lives, this year we especially enjoyed the opportunity to focus on inflation and restrictions and celebrate with our loved ones. Overall, Valentine’s Day is the best holiday holiday because time together really matters. Inflation can’t touch that. happy Valentine’s day.

Sharing is caring 💕 don’t forget to share this post on Tumblr !


Like it? Share with your friends!

33