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In all of Latin America, Mexico is the country where consumers celebrate the “Day of Love and Friendship” the most.
Mexicans, on average, spend between 900 and 1,500 pesos to celebrate the 14th Valentine’s Day.
This year, due to inflation, 9 out of 10 people say they are worried about rising prices.
In Mexico and other countries, today, February 14, Valentine’s Day is celebrated and in a context of inflation, the price of chocolates and other products has suffered a considerable increase, affecting all those who do celebrate this holiday. .
Since 2022, the “normal” life that we knew before the arrival of the pandemic caused by Covid-19 began to be a reality in the midst of a scenario in which the lethality of the disease has been decreasing considerably; However, a call is constantly being made to the general population to continue taking due precautions in times of respiratory diseases and, above all, in the face of an imminent wave of Covid-19 infections.
On the other hand, although it is true that the lethality of the health emergency is going down, reality dictates that many of the effects of the pandemic continue to govern the destinies of the population worldwide, this, in the same way, due to the warlike conflict between Russia and Ukraine which, since February of last year, has had a strong impact on the inflation that we are experiencing today.
In fact, at the beginning of 2023, we are talking about a time in which people live with some stress derived from the rise in several of the most basic products. Put more specifically, a study has revealed that 9 out of 10 people say they feel worried before the impact of the increase in prices and 55 percent is more so than last year.
Valentine in inflation; raises the price of flowers, chocolates and hotels
As expected, inflation has also reached the “Day of Love and Friendship” and, in addition, other events, such as the Super Bowl, which took place last weekend.
Now, let’s not forget that, in Mexico, “Valentine’s Day” is one of the most celebrated dates. In fact, a survey revealed that It is in Mexico where Valentine’s Day is celebrated the most, compared to other Latin American countries.
Similarly, according to research conducted by the Institute of Economic Research of the National Autonomous University of Mexico (UNAM), February 14 usually leaves an economic spill of 20 billion pesos throughout the country, with flowers, chocolates, stuffed animals and balloons being the most sold on this day.
And it is that, according to what the Laboratory for the Analysis of Commerce, Economy and Business (LACEN) has announced, inflation has not “forgiven” Valentine’s Day, since the price of chocolates rose up to 67 percent, while the bouquet of flowers increased by 87 percent. For its part, the cost of stuffed animals grew up to 45 percent; restaurants were up 63 percent; and hotels increased their rates by up to 50 percent.
To mention a more detailed example, in 2022, the price of the chocolates oscillated between 45 and 80 pesos; Until last February 12, according to what LACEN reports, said product has a cost between 75 and 130 pesos.
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