How much extra YOU will pay for Christmas dinner this year revealed

News

The cost of Christmas dinner items have increased three times faster than wages, as households brace for a financially tough festive season.

Turkey, pigs in blankets, carrots and roast potatoes have risen in price by 18% on average over the past year, according to the Trades Union Congress (TUC).

Other essentials including cranberry sauce and bread sauce are up 33%.

In comparison, the rate of Consumer Price Index (CPI) inflation has just hit 11.1% – while wages have risen by just 5.7%.

TUC estimates that if wages had gone up as much as the cost of a turkey, the average worker would have an extra £76 a week in their pay packet.

TUC general secretary Frances O’Grady said: “Christmas should be a time for celebration.

“Everyone should be able to enjoy turkey and all the trimmings while they relax with their family, but soaring food and energy prices mean many families will struggle to afford the festivities.

“The fact is many workers are dreading the new year.

“Ministers can no longer ignore the crisis facing working families. The Government needs to shield families from the misery of the coming recession.

“That means raising the minimum wage to £15 an hour as soon as possible. It means a proper pay rise for our dedicated public sector workers, and it means getting wages rising across the economy for everyone.”

Last week, the British Retail Consortium (BRC) put overall food inflation at 12.4% for the 12 months to November – the highest rate since BRC records began.

Researchers at Kantar put food inflation at 14.7% – a 14-year high – while the Office for National Statistics (ONS) said food and non-alcoholic drinks prices are up 16.4%.

The soaring price of energy, animal feed and transport are behind the increases, with the cost being passed on to customers in stores.

Inflation is used as a measure to show how prices are changing over time – when inflation is higher, it means you’re getting less for your money.

As well as the rising cost of food, families are also facing higher energy prices this Christmas.

The Energy Price Guarantee has “frozen” the typical energy bill at £2,500 – but this isn’t a total cap on what you could pay.

What is capped, is the unit rates and standing charges. This means, if you use more energy, you could still pay more – or use less, and you’ll pay less.