Traditional Valentine's Day celebrations and gift exchanges might look a bit different this year now that inflation has hit a fresh 40-year high.
Traditional Valentine's Day celebrations and gift exchanges might look a bit different this year now thatPrices are rising between 10% and 15% on average for most sought-after gifts, Marshal Cohen, NPD Group chief retail industry adviser, told FOX Business.
On top of that, "that fancy dinner that you're going to want to take your loved one out for" is also going to cost more, too. Aside from inflation, the omicron variant of COVID-19 is still rapidly spreading throughout the country, which means traveling and eating out is still a big concern, Cohen noted.
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