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Christmas costs falling

November 27, 2007 by admin  
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The real cost of Christmas is falling steadily after taking inflation into account.

According to recent research by Halifax Unsecured Personal Loans, the price of the UK’s favourite gifts has continued to fall.

The study found that the price of games and toys has fallen most in the last year, dropping by six per cent, with woolly jumpers and socks falling in price by four per cent.

Indeed, in the past decade, the price of toys has gone down in real terms by 45 per cent, with spirits down by 26 per cent and brussel sprouts by 18 per cent.

“Our research shows that the cost of traditional Christmas favourites has actually fallen – good news for Christmas shoppers.

“However, just because the real price of items such as toys, CDs and Christmas cake has fallen, doesn’t mean we don’t need to budget and organize our finances.”

Halifax states that Christmas is as good a time as any to sort out finances, adding that it should not need to take up more time than decoration a Christmas tree.

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