Is the cost of living going to cancel Christmas?

Are families struggling with the cost of Christmas this year?

Transcript

00:00The latest data from the ONS shows inflation stood at 3.8% in September, but food and drink

00:08prices were up 4.5%. That means a typical festive shop could be around 8% more expensive than last

00:16Christmas. The British Retail Consortium reports shop price inflation of 1% year-on-year in October,

00:23with fresh food inflation edging higher to 4.3%, according to the BRC and NIQ. Economist Paul

00:32Dales from Capital Economics told Yahoo Finance UK that food inflation could accelerate to 5.5%

00:41by December, warning this year is not going to be a merry one when it comes to the cost of a

00:46traditional Christmas dinner. Charities say these pressures are hitting low-income families hardest.

00:51The Salvation Army reports a rise in people seeking help through its employment plus service

00:57and food support schemes across the country.