Market News
Christmas inflation sets in with price hikes on turkey and chocolate - YAHOO FINANCE
Price jumps are likely to hit consumer shopping baskets this Christmas, with a new analysis finding rises of up to 70% on some items compared with last year.
According to Which?'s inflation tracker, a turkey could cost up to £15 more than it did last year.
Each quarter, the consumer group tracks the prices of over 25,000 food and drink products across eight supermarkets in 20 categories including meat, vegetables and baked goods.
As cocoa prices continue to feel the squeeze from supply issues due to poor harvests, chocolate was worst-affected by price rises, up 14.2%, according to the tracker.
Some chocolate treats that are typically sold at Christmas saw price jumps of more than 70% compared with last year, Which? found.
The cost of a Lindt Lindor milk chocolate truffles box at Asda went from £1.15 last year to £1.98 this year — a hike of 72.2%, according to the analysis. Similarly, at Morrisons, Lindt Milk Chocolate Teddy Christmas Tree Decorations went from £3.50 in 2024 to £6 in 2025 — a sharp increase of 71.4%.
