How Much Did Your Christmas Feast Cost?

One of the more venerable Christmas traditions is the feast. Indeed, holidays are all about the eating, in many cases. Whether you celebrate Eid al-Adha with a large family banquet, or whether you have a small Christmas dinner with your family, the cost of food is on the rise.

And it’s not just for this holiday season. So, while you may have paid more for yesterday’s festivities, some economists say that you should prepare to arrange your food budget for the next three or four years. The Financial Times reports on where food prices are headed:

“The increases [in raw materials] mean food manufacturers, grocery stores, and restaurants will be passing those higher costs on to consumers, likely resulting in annual consumer food price inflation of 7.5 percent during 2008-12,” said the consultants in a recent report.