Valentine’s Day Inflation Will Set You Back This February 14th


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Valentine's Day Inflation Will Set You Back This February 14th

Valentine’s Day Inflation Will Set You Back This February 14th

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Florist Betty Sejas arranges red roses at Company Flowers in Arlington, Virginia on February 8, 2022.

Saul Loeb | AFP | Getty Images

Even Cupid isn’t immune to the sting of inflation this Valentine’s Day.

With consumer prices climbing to all-time highs, nearly all apparel on February 14 will cost more in 2022.

For example, the average price of a dozen roses is up 22 percent from last year, according to data compiled by personal finance site The Balance. Assorted chocolates were 9% higher, while candy sales in general hit new highs ahead of the holidays.

Couples can also expect to pay top dollar for two tables this February 14th.

Restaurants, which have been under pressure since the pandemic began, are charging more for meals in response to ongoing staffing challenges and rising food costs.

The Balance found that the price of premium steaks, in particular, soared by 154%.

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Prices for imported champagne, already more expensive than other sparkling wines, rose to $53 a bottle, up about 18 percent from a year ago, according to alcohol delivery service Drizly. On the other hand, the average price of table wine rose by only 2.5%.

Only gold remained near $1,800 an ounce due to other economic factors.

All in all, Valentine’s Day spending According to the National Retail Federation, 2022 is expected to reach $23.9 billion, the second-highest year on record.

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