Alert Center: Valentine's Day will cost you more this year
Love is…going to cost quite a bit more this Valentine’s Day.
You're paying more for everyday items today than you were last year, as the U.S. Labor Department says inflation rose 7.5%. That's the biggest gain since 1982. Valentine’s Day staples are no exceptions to price increases.
According to personal finance website Tha Balance, chocolate is up 9% since last year and a dozen roses are up 54%.
Dinner isn't going to be cheap either, with the price of filet mignon up 63% and lobster up 27%
If you're looking to buy some pretty jewelry, diamonds may not be your best friend since they are up 15%.
However, gold is down by 1% and the price of silver is down 10%
The National Retail Federation found in a recent survey that most people will spend about $175 this year making it the second-highest year on record, behind 2020.
The good news is that if you're looking for some deals, News 12’s Alert Center on Friday morning will share items under $50 that you can give to your special someone.