“Inflation is when you pay fifteen dollars for a ten-dollar haircut that used to cost five dollars when you had hair on your head,” said American author and journalist Sam Ewing. This year, celebrating your love on Valentine’s Day will cost you more than 10% more than last year.
Data comes from INS:
Valentine’s Day will look different this year after all the price jumps that have been taking place, pushing inflation to 7.4% in January.
Everything became more expensive: from flowers to chocolate or meals in restaurants. COVID-era supply chain bottlenecks, Russia’s invasion of Ukraine, and even its own government have contributed to these price increases.
Restaurant meals are now almost 14% more expensive, and chocolate more than 17% more expensive, which could cut into the budgets of many of us.
In general, romantic dinners for Valentine’s Day will cost more, although many restaurants have come up with special offers to attract lovers.
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.