Macroeconomics: UK economy, IB Economics

The BBC has conducted its own survey of the 'cost of Christmas' and, guess what...it's 4.3% more expensive than last year, with carrots having gone up by 27%.

More interesting than the year-on-year figures is the fact that it's up 21.7% compared to two years ago. 

The traditional piece highlighting the rising cost of Christmas dinner, courtesy of Good Housekeeping, which suggests that the cost of 11 items required for a Christmas dinner has increased to £33.08, or £4.14 per person, or 13% more.

The items that have increased the most in price are carrots and brussels sprouts which are both up by more than 150%, and parsnips and potatoes have also seen significant price rises.