The Christmas basket goes up, but meat and fish contain the rise

Moderation is especially visible in fresh products that usually star in Christmas recipes, such as fish, seafood and meat, according to the latest Consumer Price Index (CPI) for the month of October.

Fish, seafood, meats, cheeses, ham, wine or nougat are more expensive than a year ago, although in most cases they have experienced a smaller price increase than in 2022. All of them, with the exception of beef pork, have risen in price, but below the average CPI for food and beverages, which stood at 9.5% in October of this year, according to EFE Agro.



Price of meat according to the CPI

Among meats, only pork has risen in price more than it became more expensive last year, 13.8% year-on-year to October 2023 compared to the 12.3% increase in price with which it faced Christmas purchases in 2022.

The rest of the meat has moderated its increase, especially poultry – whose price increase (+2.3%) is now up to 16 percentage points lower than a year ago – and beef, which increased by 6.2%, less half that in October 2022.

Sheep and goat meat is 8% more expensive than a year ago, which represents a slightly smaller price increase than the 9.8% experienced in October 2022.

Our partners