Consumers Advised to Be Mindful of Price Hikes for Valentine’s Day Gifts

Consumers are being cautioned about Valentine’s Day gift price increases as they plan to spoil their loved ones. Last-minute purchases will likely boost retail sales. Per EWN, some individuals will rush to buy gifts to enhance Wednesday’s celebration.

Also read: Upcoming Mega Shopping Malls Set to Transform Joburg, Pretoria, and Cape Town

Debt Rescue’s CEO Neil Roets has emphasised the importance of not falling into a debt trap after splurging on Valentine’s Day. He noted that retailers significantly raise prices, such as those for flowers, on this occasion. Roets urged consumers to spend within their means to avoid financial strain.

He warned that overspending could push indebted individuals further into poverty, making it challenging to meet financial obligations.

Also read:

Expect Significant Fuel Price Surge for South Africans in February

Picture: Pixabay / wichai bopatay

Follow us on Google News.