Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.
Celebrating Valentine’s Day can get expensive between the lavish gifts and fancy dates that have become customary for Feb. 14. And this year’s celebrations will likely put an even bigger dent in your wallet than usual thanks to the rising costs caused by inflation and supply chain issues.
More High Costs: 25 Extra Grocery Costs You’re Probably Forgetting About
Make Money Money: Target, Amazon and 4 More Retailers That Will Reward You for Turning In Your Old Stuff
“Almost every Valentine’s Day cost you can think of will be more expensive,” said Kristin Myers, editor in chief of The Balance.
Here’s a look at how much prices have risen for some of the most common Valentine’s Day purchases.
A dozen hybrid tea roses cost $12.42, a 22% increase from last year, according to The Balance.
Don’t Miss: 10 Popular Products That Costco Doesn’t Sell Anymore
The price of candles has increased 3% from last year, Myers said.
Check Out: 25 Secret Money Traps at Target, Walmart and Other Big-Box Stores
“Unfortunately for the jewelry lovers, diamonds are 15% more expensive in 2022 than last year,” Myers said.
On the plus side, the costs of gold and silver have actually decreased by 1% and 10%, respectively.
Keep More of Your Money: 30 Things You Should Never Buy Without a Coupon
A 12-ounce box of assorted chocolates now costs $11.99, a 9% increase from last year.
“If you think you’ll save money by staying home and cooking your loved one a romantic meal, you’re wrong,” Myers said. “Some of the largest jumps in price can be found in the supermarket. Filet mignon is 154% more expensive than last year.”
The cost per pound is now a whopping $34.21.
Lobster is also more expensive than last year, with a 25% price increase, Myers said.
While you may end up spending more on your romantic meal this year, you can save some money by getting creative with your gifts.
“You can still find better deals in experiential gifts than elsewhere,” Myers said. “Consider movie tickets or even travel — basically any gift that isn’t a physical product impacted by supply chain constrictions and price increases. And of course, if you want to give a gift that keeps on giving, consider buying an investment for your loved one. Stocks and even NFTs are always a holiday gift option, and can be a great way to get someone started on their journey to building wealth.”
More From GOBankingRates
Sponsored Links by Zergnet
Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.