Inflation Hits 2023 Mother's Day Gift Categories Unevenly, per Catalina
ST. PETERSBURG, Fla., May 4, 2023 /PRNewswire/ -- With Mother's Day ranking as the second most popular gift-giving holiday in the U.S, per the National Retail Federation, and with inflation still an ongoing concern, shoppers across the country are seeking the perfect present for the moms in their lives. Historically popular gift items that currently offer the most bang for the buck, per data insights culled from Catalina's Shopper Intelligence Platform, include sparkling wine and scented candles, prices for which only increased 5% and 7% respectively during the first quarter of 2023 vs. the same period in 2022.
- At $19.55, grocery bouquets of Cut Flowers are the most expensive option, up 10% over 2022.
- Prices of fragrances, which have increased 11%, have also risen higher than the inflation rate, costing on average $17.23.
- The average net price rose only 5% to $12.79 in Q1 2023.
- Scented candles are also a relatively economical choice in that their prices increased 7% to $7.50 for the same period.