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Baner Club > Blog > Marketing > Given the recent spike in inflation, how much more expensive is Christmas now?
MarketingPolitics

Given the recent spike in inflation, how much more expensive is Christmas now?

The price of Christmas has gone up by more than a fifth in the past three years, a rate faster than overall inflation

Last updated: 2023/12/22 at 3:23 PM
Published December 22, 2023
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Almost thirty pounds has been added to the cost of a shopping list that includes some traditional Christmas items like cream liqueur, sausages, bacon, potatoes, and a few kid’s toys.

That’s a rise of 22.1%, compared with the 20.9% overall rate of inflation in that time.

Following a period of unprecedented growth in the annual rate of inflation since the 1990s, this is the outcome.

In sad news for those who love to cheese out at Christmas, the price of soft cheese has increased by nearly 50% since November 2020 – the highest rate out of our selection – while cheddar’s rise is not far behind at 41%.

Popular gifts have also gotten more expensive – a child’s sit and ride toy has gone up by 17%, while a pair of men’s socks are up 13% and a lady’s scarf is up 17%.

What products have you usually bought for Christmas, and how much has their cost increased over the past three years? Use our calculator to see how much prices are rising. Click on the Christmas tree to see prices for a selection of common Christmas items.

Our Christmas list costs £7.50 more than this time last year, a rise of almost 5%, also faster than the overall level of inflation in that time (3.9%).

Sausage and bacon are among the best-performing items this year, with a 14% increase, followed by pigs in blankets.

While the shopping basket data from the ONS doesn’t have a whole turkey, the main attraction of many Christmas dinners, it does have prices for pre-cooked turkey slices.

A 100-180g pack increased by just 5p (2%), from £2.26 to £2.31.

How about the garnishes? Well, a kilo of potatoes is 7% more expensive than it was in November 2022.

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