Couples are spending significantly more to get married in 2026 as tariffs and inflation push up the cost of everything from flowers to catering, according to a new report released this week by Bank of America Institute.
Wedding-related spending rose 8.5% year over year through May, based on aggregated credit card, debit card and bank transfer data from Bank of America customers. The report tracked spending on wedding-related services such as venue rentals, catering, photography, florists and apparel.
The increase comes as broader inflation remains elevated. In May, U.S. consumer inflation climbed to 4.2%, the highest level since April 2023, as energy and service costs continued rising.
Tariffs Add Pressure
Bank of America said rising prices are a major reason wedding spending continues climbing. Tariffs have added fresh pressure on small businesses serving the wedding industry, especially vendors relying on imported goods.
