Families Splurge on Moms Despite Rising Prices

Mother’s Day spending in the U.S. is expected to hit a record $38 billion, up 11% from last year, despite concerns about inflation and higher gas prices. Restaurants, florists, and greeting-card sellers are all expecting strong business.  

Overall:

• Restaurant prices rose 3.8% year over year
• Grocery prices rose about half as much
• Flowers/plants increased 7.5%
• Jewelry prices increased 9.9%

Rising gas prices are pressuring household budgets, but consumers are still willing to spend for special occasions like Mother’s Day.
Prices are up, but Mother’s Day still means brunch : NPR