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9 Christmas essentials that will cost you more because of Brexit

Alison Millington   

9 Christmas essentials that will cost you more because of Brexit
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Christmas Dinner

Africa Studio/Shutterstock

Which items on your Christmas dinner table will cost you more this year?

It's been hard to miss headlines warning that consumer goods are - or will become - more expensive as the value of the pound dropped following Britain's vote to leave the European Union. Even

Even crisps are more expensive because of it.

The prices are rising due to the fluctuating exchange rates, which impact the cost of imported ingredients and materials, higher trade tariffs, and the rising costs of manufacturing.

So how will this affect you this Christmas, during one of the biggest shopping periods of the year?

Mintec's report on the impact of Brexit on the UK food market in October stated that around 40% of all food consumed in the UK is imported, with over 70% of total food and drink imports coming from the EU.

Top food and drink imports to the UK include Christmas staples like wine, chicken, pastry, cheese, chocolate, beef, veal, pork, spirits, and sugar, according to the report.

"Prices have risen significantly across most commodity markets in GBP terms, mainly due to the effect of the weaker pound," Mintec stated.

In order to determine exactly which items will be more expensive this year, we looked at Mintec's Christmas Dinner Index for 2016 which breaks down the costs of a Christmas dinner and other essentials.

The report showed that the cost of an entire Christmas dinner with turkey, vegetables and trimmings has only gone up by 1% since last year, with turkey prices actually down by 2% as of October. However, as the demand sets in Mintec is convinced the prices will start to rise, and items like flour, sugar, almonds and pork are already more expensive than last year.

See which Christmas essentials you can expect to splash out for this year below:

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