Jewelry is the component that saw the largest price gain in 2020 and 2021 combined, at 4.1% annualized, but from 2012 to 2019 jewelry prices actually fell slightly, compared to gains in all other categories, so it’s probably not a bad time to potentially buy something sparkly for your sweetheart if that’s how you’re inclined.
Time Is Still The Greatest Gift
We have fun with Valentine’s Day and the opportunity to treat ourselves and our loved ones with small extravagances. After almost two years of navigating Covid-19 and the impact it’s had on our lives, this year we especially relish the opportunity to stare down inflation and restrictions and celebrate with loved ones. In the big picture, Valentine’s Day is the ultimate budget holiday since time spent together is really what it’s all about. Inflation can’t touch that. Happy Valentine’s Day.
Ryan Detrick, CMT, is chief market strategist at LPL Financial.