UK food shoppers face more expensive main meal components this Christmas despite the food industry’s resilience in an unusual year, amid COVID-19 disruptions, Brexit uncertainty and weather disruptions.
The UK food industry has gone through an unusual year, coping with the disruptions caused by COVID-19 and the uncertainty around Brexit. With the festive season approaching, attention is naturally shifting to what consumers will choose to eat this Christmas, the availability and accessibility of their food choices, and how the cost of the raw materials that make it to Christmas meals have changed. As consumers consider their Christmas food shopping, Mintec presents this year’s UK Christmas Dinner Price Index, which compares the prices of the raw materials that make up a typical Christmas meal with 2019’s prices.
This year’s index shows that consumers will be paying more (+7.2%, y-o-y) for the commodities that typically go into their main Christmas meal, as the higher prices of turkey, wheat, carrots and parsnips more than offset the lower costs of other raw materials. Although, a significantly lower Christmas pudding price will provide some price relief, consequently making the cost of the overall dinner components (main meal plus pudding) stable, compared to the same time last year.
With over 14,000 collected and curated, independent raw material prices, Mintec is perfectly placed to report on the food prices used to compile a blended representative index. Where possible, the index consists of domestic prices and alternatively imported raw material costs.
The basket of goods for the main course includes meat (turkey and pork), vegetables (potatoes, carrots and parsnips) and Yorkshire pudding components (wheat flour, milk and eggs). The Christmas pudding index includes almonds, raisins, sultanas and sugar.
In line with the increasing demand for plant-based foods and the awareness that consumers are moving away from traditional meals, Mintec also presents its first UK Christmas plant-based dinner index. The index tracks price developments since Mintec launched its first of a kind, independent Benchmark Prices for plant-based proteins in March 2020, and shows that the plant-based meal commodities increased by 1% between March and November 2020.