Biden Ruins Valentines Day

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The high inflation of the past few months is putting a dent in people’s Valentine’s Day celebrations. Prices on the most popular gifts are rising between 10% and 15% according to retail advisors. This could lead to the traditional celebrations of Valentine’s Day being put aside as gift exchanges are bound to be affected by the rising prices.

Between January of 2022 and January of 2021, the consumer price index rose 7.5%, according to a new Labor Department report. This has been the fastest increase since February 1982, when the inflation rate had reached 7.6%.

Apart from gifts, restaurant visits and eating out are also bound to cost more because of the increase in prices. Although in a way that does not depart from previous years to the same extent, as restaurant visits around Valentine’s Day are more likely to cost more every year. This year the estimates range with expected increases on a meal starting from 10% and going up to 25%.

Restaurant owners do not only have to deal with the high inflation rates but also with accommodating people while the omicron variant of COVID-19 is still spreading rapidly throughout the country. In many places, this could mean that restaurants are working at a reduced capacity. Further, for many people, the spread of COVID-19 is a big enough concern that they would consider not traveling or eating out on Valentine’s Day.

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For many people, this year’s Valentine’s Day plans are bound to vary greatly when compared to previous plans. What’s more, they will probably need to be more creative in finding a gift or even arranging how they will spend their evening. From home-cooked meals to DIY gifts all are likely to be a part of this year’s celebrations.

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