MY MONEY

The cost of Christmas dinner has jumped $100 in 20 years

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This year's traditional Christmas dinner will make a bigger dent in household budgets.

A 4.2% jump in Australian poultry prices, a 3% rise in pork and a 3.1% increase in vegetables is the steepest rise for a Christmas dinner since 2012, according to Anthony Doyle, global cross asset investment specialist at Fidelity International.

Doyle estimates that a Christmas dinner will cost around $200 this year. He says the cost of Christmas dinner has risen by 92% or around $100 since 1989.

cost of christmas dinner

If you want to keep your costs lower, a seafood Christmas dinner with fish and other seafood have risen only by 0.8% since last Christmas. Snacks and confectionary rose by the least amount, registering a 0.2% increase.

The 2.2% increase in Christmas dinner food is the fastest annual increase in the cost of Christmas dinner since 2012 when it rose by 2.4%.

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Susan Hely has contributed to Money for more than 15 years. She has been a finance journalist for more than three decades, beginning at the Australian Financial Review before moving to the Sydney Morning Herald. Susan edited Superfunds magazine for the Association of Superannuation Funds of Australia, and writes regularly on family money and superannuation. She's also author of the best-selling book Women and Money. Connect with Susan Hely on LinkedIn.