Don’t expect too many coins in your Christmas pudding this year. The likelihood is your chef will be keeping their money to themselves after an increased outlay on the dessert.
The price of Christmas puddings is likely to be ramped up as a result of rising raisin, sugar, butter and wheat prices. Overall, the costs of ingredients going into a Christmas pudding are up 21 per cent.
Thankfully, however, the cost of Christmas dinners overall is expected to be up just one per cent, according to commodity data group Mintec.
The price of turkey is down two per cent on last year, when prices were hit by an avian flu outbreak.
As centrepiece of the traditional meal, cheaper turkey offsets increases in price elsewhere.
Adverse weather conditions are making potatoes and onions more expensive.
The price of parsnips is also up, while carrots are cheaper.
The price of pork is up 14 per cent year-on-year – attributed to a rise in demand from China – making pigs-in-blankets more of a luxury.