UK Christmas dinner inflation rate 2022, by ingredient

As with the majority of consumer goods in 2022, the cost of a traditional Christmas dinner was also impacted by the high levels of inflation seen around the world.

Inflation in the UK

The global inflation crisis had a particularly strong impact on the United Kingdom in 2022. A cost-of-living crisis fueled in part by inflation began in 2021 and was only exasperated by the COVID-19 pandemic, the Russian invasion of Ukraine, and post Brexit trade. The CPI inflation rate of the UK reached a decades-long high in October 2022, with UK households seeing a dramatic decline in their purchasing power.

Christmas shopping behavior

UK consumers expected inflation to have a significant impact on their holiday shopping in 2022. One poll found that just over 40 percent of UK consumers intended to cut all expenses related to Black Friday and Christmas spending. With shoppers scaling back their purchases, it's good to know that the majority of gift-getters are happy to receive socks as a Christmas present.