The holiday season is known as a time that puts a little extra stress on your pocketbook - especially when it comes to hosting a Christmas dinner. While gifts can put a dent into any budget come the holiday season, most people don't completely account for the prize of hosting a cocktail party or Christmas Eve dinner.
However, research from the United Kingdom shows that this year, the price of Christmas dinner is the lowest since 2009. (Please do note that this research is applicable in the UK).
The British Christmas Dinner Index
This year's Christmas dinner index, which is compiled by Good Housekeeping magazine, discovered that the 11 ingredients necessary for a properly spectacular feast are now 10.8 percent cheaper than they were in 2009.
That's a significant drop, especially when you consider that these ingredients are an annual necessity on every British Christmas table. So, what are these 11 ingredients? They are:
- Brussel Sprouts
- Cranberry Sauce
- Mince Pie
- Christmas Pudding
- Brandy Butter
- Christmas Cake
This particularly British meal, though it may not be exactly what us Americans serve up on Christmas, is in fact familiar. Therefore, it is a good indicator of the importance of the index for tracking the low prices that can be found in bargain supermarkets this season.
Of all the above ingredients that are tracked annually, six have gone down from last year, three have stayed the same, and only two (Christmas pudding and mince pies) have increased in price.
That means, this year, with some shopping around at the bargain supermarkets, Brits can manage to feed the entire party for £2.48 ($3.12) a head. That's with all the works. Who knew the day would come when preparing a Christmas dinner would be cheaper than getting Chinese take out?
A Christmas Dinner for All
This relief in prices comes at a crucial time for many citizens of the UK. With the sunken value of the Pound Sterling, it is a Christmas miracle that almost everyone will be able to decadently feed their families this year.
The head of consumer testing at the Good Housekeeping Institute, Trisha Schofield, says: "Christmas can be a time for consumers to treat themselves, but budgets around the UK are going to be much more varied this year. We're pleased to offer just as much advice to those who are being economical as to those who are lucky enough to buy the best."
However, there are widespread warnings about the increases in price for imported foods. So although this year may be a record bargain, it may not be the same Christmas story next year.