Christmas dinner 'more expensive than last year'
High food inflation means that households are likely to spend more on Christmas dinner than they did last year, researchers have shown.Experts at the University of Exeter Business School and Nottingham University calculated that the average Christmas dinner for six people will cost £74 this year - £3.70 more than in 2010.
Steve McCorriston, professor of agricultural economics at the University of Exeter Business School, said that food price inflation has fallen over the last month, but is still at almost a 20-year high.
"Food price inflation in the UK is well above the OECD European average, meaning that poor families in Britain, who are most dramatically impacted by increasing food costs because it accounts for a higher percentage of overall household spending, are some of the hardest hit in Europe," he revealed.
The professor pointed out that UK consumers are particularly vulnerable to changes in global food prices, as the nation imports 60 per cent of its food.
Researchers also found that the average supermarket trip now costs five per cent more than this time last year.
