The cost of Christmas dinner is expected to be slightly lower this year compared to recent years, with prices dropping for certain food items, especially turkey. According to data from Agriculture and Agri-Food Canada, the cost per kilogram of fresh turkey in November was $5.45, a 39 percent decrease from the previous year. This decline in prices can be attributed to increased availability of turkey. Overall, food prices have seen a decrease due to lower inflation rates, making it more affordable for consumers to put together a traditional Christmas dinner.
An analysis of average monthly retail prices for Christmas dinner staples, including turkey, potatoes, carrots, green beans, bread, and wine, revealed that the total cost for these items could range between $59.69 and $65.84 this year. This is a significant decrease from prices in previous years, such as 2023’s average cost of $81.46. While turkey prices have dropped, other ingredients like onions and butter have seen slight increases in price. However, the drop in prices for items like bread and celery helps to balance out the overall cost of the meal.
Prices for various ingredients needed to create traditional Christmas dishes, such as stuffing and mashed potatoes, have fluctuated over the years. In 2019, a loaf of bread was $2.84, which has since increased to $3.45. Conversely, the cost of celery has remained relatively stable. Meanwhile, potatoes for mashed potatoes are priced at $4.92 per kilogram this year, slightly lower than the previous year. Consumers looking to save money on their Christmas dinner may need to make strategic choices based on pricing data for each ingredient.
When it comes to vegetables, sticking to locally grown and seasonal options may help to save money. Domestic carrots are priced at $3.12 for three pounds, while green beans, a mix of domestic and imported varieties, have increased in price from $4.26 in 2019 to $5.27 this year. The unpredictability of food prices can be influenced by various factors, such as global events like the war in Ukraine and Mediterranean yields affecting grain and olive oil prices. Consumers are advised to remain flexible in their meal planning and pay attention to pricing details to ensure they get the best possible deal for their Christmas dinner.
While specific pricing data for wine is not available, the overall percentage change in prices shows a slight increase in recent years. Despite these fluctuations, the cost of wine has only increased by 0.7 percent this year compared to the previous year. As Canadians prepare for their Christmas dinners, staying informed about food prices and making choices based on affordability can help to create a delicious meal without breaking the bank. Whether opting for homemade or store-bought options, being mindful of prices can lead to a more cost-effective and enjoyable holiday dining experience.
