There’s a variety of discuss inflation coming down. And, after all, it has been. However life nonetheless feels costly—even when inflation is much less relative to final yr.  

Properly, simply because inflation is much less doesn’t imply costs are coming down. Any economist will let you know that. However information dorks like us will present you.  

This month, we created a Variable in Domo (Variables are cool…) to vary whether or not we have been trying on the shopper value index (CPI) vs final yr, two years in the past, three years in the past, or 4 years in the past. As a result of Valentine’s Day is upon us, we thought it is likely to be enjoyable to see how rather more costly a standard date evening might be this yr in comparison with the previous 4 years. Even when it offers me a bit heartburn…not the romantic variety.  

Our V-Day takeaways utilizing Domo variables 

We’ve pulled our CPI information from December 2023 and used these numbers to estimate how a lot the usual Valentine’s Day purchases—flowers, chocolate, dinner out—will value us this yr. Right here’s what we discovered, and you may mess around with our adjustment software under. The software’s information will refresh because the Bureau of Labor Statistics (BLS) updates the CPI.

Total, the CPI was up 19.4% in December 2023 in comparison with 4 years in the past.  

While you go searching for these roses, know that the CPI class “indoor crops and flowers” is up 18.6%, rather less than the CPI total.  

The sweet and chewing gum class is up 28.3%, probably the most of any we tracked. It is likely to be price noting right here that these are customary CPI class names from the Bureau of Labor Statistics. Bureau of Labor Statistics (BLS). Hopefully none of our loyal Domo on Knowledge viewers buys their valentine chewing gum for the vacation—though Additional might beg to vary.

Lastly, meals away from house is up 25.5%—so perhaps staying in and splurging on a bottle of purple is probably the most reasonably priced Valentine’s date proper now.  

However, I’m all about letting individuals be curious with information. So, here’s a information explorer the place you possibly can select the identical comparability variables and take a look at extra particulars… Have enjoyable and, Completely happy Valentine’s Day! 

Need to hold exploring Variables? 

To create our Valentine’s visuals, we used Variables in Domo—a easy however highly effective characteristic we launched in 2023. Variables provide you with an intuitive strategy to discover your information with out having to construct particular person information visualizations to account for each view of the information.  

Hold exploring Variables by: