Valentine's Day: History, Traditions, and Rising Costs

Alex Sterling

Feb 14, 2026 • 3 min read

A variety of Valentine's Day gifts, including a bouquet of red roses, a box of chocolates, and a greeting card, arranged artfully on a table.

Every year, as February 14th approaches, the U.S. buzzes with an unmistakable air of romance and camaraderie. Flowers, chocolates, and heartfelt cards become ubiquitous symbols as couples and friends exchange tokens of affection on what is widely known as Valentine's Day, or the Day of Love and Friendship. While the modern celebration is deeply ingrained in our culture, its roots stretch back to ancient Rome and are intertwined with Christian history. Over centuries, this observance has transformed, acquiring both a more symbolic and, notably, a more commercial character.

The Ancient Roots: Lupercalia and Juno Februata

Pinpointing the exact origin of Valentine's Day is a task that has puzzled historians. However, several theories point to ancient Rome as its birthplace. One prominent hypothesis links the celebration to the festival of Lupercalia, observed on February 15th. This ancient Roman festival was intended for purification, to promote good health, and to encourage fertility. A key ritual involved a priest sacrificing a goat, after which young men would playfully strike women with strips of the animal's hide, believed to enhance their fertility.

Another historical speculation connects Valentine's Day to a Roman festival called Juno Februata, which also occurred during the Lupercalia period. In this celebration, young men would draw a name from a box, matching them with a woman who would become their partner. These unions were often temporary, though sometimes they led to marriage.

The Christian Influence and the Legend of St. Valentine

The narrative of St. Valentine himself adds a significant layer to the holiday's lore. During the 3rd century A.D., as Christianity expanded in Rome, Emperor Claudius II reportedly outlawed marriage for young men to bolster his army. The legend holds that a priest named Valentine defied this decree, secretly performing weddings and aiding Christians. His defiance led to his imprisonment. While in captivity, tradition states that Valentine performed a miracle, restoring the sight of Julia, the blind daughter of his jailer. Before his execution, he is said to have written a letter to Julia, signed "From your Valentine," a phrase that echoes in modern-day greetings.

Evolution into a Modern Celebration

The transition from ancient rituals and religious martyrdom to the modern Valentine's Day we recognize today was a gradual process. In the 19th century, particularly in English-speaking countries, the tradition of exchanging love letters gained popularity around Valentine's Day. This custom expanded over time to include other gestures, such as gifting flowers, especially roses, and sweets.

By the 20th century, commercial sectors and advertisers recognized Valentine's Day as a prime opportunity to stimulate consumer spending. This led to the widespread promotion of February 14th through the marketing of roses, chocolates, and a variety of gifts aimed at couples. This commercial push cemented Valentine's Day as a major annual event focused on expressing love and affection through tangible presents.

The Rising Cost of Love: Valentine's Day Gifts Through the Years

The popular gifts associated with Valentine's Day in 2026 include love-themed cards, boxes of chocolates, diamond earrings, a dozen roses, and a dinner for two. According to Investors Observer, a comprehensive package of these popular gifts now costs $774.39 USD. This represents a significant increase of $262.36 USD compared to the cost of similar gifts in 2016.

A Decade of Price Increases

The selection of popular Valentine's Day gifts a decade ago was quite similar, with one notable exception: a bottle of champagne. In 2016, a complete gift package including chocolates, diamond earrings, a dozen roses, dinner for two, and a bottle of champagne totaled $512.03 USD. While champagne, which cost about $51 USD back then, has been replaced by a gift card priced at $7.19 USD in 2026, the overall cost surge is largely attributed to inflation affecting other items.

The price of chocolates saw the most dramatic increase, more than tripling from $15.11 USD to $50.70 USD. The second-largest price hike was for a dinner for two, which more than doubled, rising from $80.46 USD to $209 USD. These figures highlight how economic factors are increasingly impacting the affordability of traditional romantic gestures.

More Than Just Romance: The Friendship Aspect

While often centered on romantic love, Valentine's Day is also widely celebrated as the Day of Love and Friendship. This dual nature allows individuals to express appreciation for platonic relationships as well. Whether it's a romantic partner, a best friend, or a family member, February 14th provides an occasion to acknowledge and celebrate the important people in our lives.

As Valentine's Day continues to evolve, it remains a significant cultural event in the U.S., blending historical traditions with modern expressions of affection. While the economic landscape may present challenges, the sentiment behind the holiday—celebrating love and friendship—endures.

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