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CNSNews.com
14 Feb 2023


NextImg:Those Celebrating Valentine’s Day Aren’t Loving the Higher Costs of These Popular Gifts and Activities

If you usually cook your Valentine a steak dinner, then give him or her a diamond and a card, you’ll spend less this year – but, otherwise, you’ll probably spend more due to inflation, a new study reveals.

This year, the cost of a diamond, at $11,010, is down 9.60%, while the price of sirloin steak at a grocery store, at $10 a pound, is 8.01% lower, compared to last year, according to an analysis by Point2. The cost of a card was unchanged.

However, the study of 14 traditional Valentine’s Day expenses, found that year-over-year price have increased for all other gifts, including:

For its study, Point2 compiled data from various sources, including, but not limited to the Bureau of Labor Statistics, United States Department of Agriculture, DiamondSearchEngine, London Bullion Market Association, Numbeo, National Association of Theatre Owners, and Pacaso.

See methodology and other survey findings and details at Point2.