Christmas is coming.
We’ve found many ways you can save a bob but it’s not just gifts and presents that are going to be leaving a dent in your wallet.
According to Good Housekeeping magazine, Christmas dinner will set you back 16% more than it did last year.
If maths isn’t your strong subject, let’s break it down for you.
The magazine found the cheapest meal on Christmas Day for eight people will set you back £23.53.
Last year, it was £19.82.
Or £2.94 per person compared to £2.48 if we’re going to get specific.
The price comparison includes Christmas essentials including turkey weighing at 3.5kg, 880g of potatoes, a 170g of stuffing mix and a jar of cranberry sauce.
The magazine measured the price of products across ten of Britain’s biggest food stores and found that nine of the eleven items cost more than last year.
Turkey is now £8.99 compared to last year’s £8 and mince pies are now £1.58 whereas they were £1.49.
Vegetables have also seen an increase with Brussels sprouts now 88p compared to last year’s 58pm.
Carrots are now 25p whereas they were 29p before.
Cranberry sauce however has remained the same at 55p.
So why HAS there been an increase in our food bills?
Hannah Maundrell, Editor in Chief of money.co.uk says: ‘The price of your Christmas dinner is unsurprisingly costing more this year – as is your supermarket shop. Inflation is stuck at a five year high and with the weakening of the pound after the Brexit vote, food prices have risen.
‘This unfortunately means that your Christmas dinner is costing you more than it would last year for the same items.
Hannah advises people to shop around for all Christmas essentials, not just gifts: ‘Using budget supermarkets can help to cut the cost and even little things like buying unprepared veg to peel or cut yourself can make a small difference.
‘Remember that your shop will cost more if you are shopping in luxury supermarkets.
And for the cheapest Christmas dinner for eight, get your turkey from Aldi or Lidl for £8.99. Cranberry sauce at Lidl is 55p, mince pies from Aldi come in at £1.58 and Brussels sprouts from M&S come in at 88p.