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Festive Food Prices Shoot Up

Tuesday, December 12, 2017

 

GMB WARNS OF CREDIT CARD CHRISTMAS AS COST OF FESTIVE FOOD SHOOTS UP

Price of Santa’s glass of sherry, buttered sprouts and toys rocket at worst possible time for hard up workers.

GMB, Britain’s general union, warns workers could be forced to use credit cards for Christmas dinner after the costs of festive food shot up.

The latest Consumer Price Index, released today, shows food is up 4.4% from last year – with season food inflation at a whopping 5%. [1]

As real terms wages continue to plummet [2] the following festive favourites have seen significant price rises:

• Sherry up 5.5%

• Toys (and 'celebration articles') up 6.1%

 • Butter is up 23.3%

• Vegetables (potatoes and other tubers) up 5.1%

• Lamb up 9.2%

• Fish up 9.3%

• Oils and fats up 7.4%

Tim Roache, GMB General Secretary said:

“Christmas is something we all look forward to, but for a lot of families it will bring a huge financial pressure.

“No one wants to see their kids go without at Christmas, but it's getting harder and harder as prices go up but wages don't.

"Too many people already have to rely on credit cards, loans and pay day lenders to cover the costs of getting their kids presents and putting Christmas dinner on the table.

“The sad fact is, the Government could do something about it but instead they are happy to give working people yet another lump of coal in their stockings.”

ENDS

Contact: GMB press office on 07958 156846 or at press.office@gmb.org.uk

Notes to editors: 

[1] See table 22: https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation

[2] http://www.gmb.org.uk/newsroom/real-wages-drop

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