Christmas Set to Cost More this Year But Bring Less Joy
- Consumers will pay more for Christmas this year but get less value compared to pre-pandemic times
- The average UK household will spend £550 on Christmas, up £70 from 2022
- Food prices are up 23% since 2019 and alcohol prices up 26%
- Toy, game, and clothing prices are about 20% higher this Christmas
- Overall Christmas spending is forecast to rise slightly as wages start outpacing inflation