Itchy and some small red spots on chest ?

[mizuno]

Wonder if it is the cold weather and dry skin casuing it.
But, I have been having some itchy and spots on my chest especially by my aerola area.
It looks like there is small hair growing around there. Has anyone else had this?
I thought it was pimples or acne but I never had that before  and it itches. Acne doesn't really itch?

Is this a sign of hormone problems.