Which items to buy this year as gifts – cheaper than last year


Personal finance research comparison website NimbleFins has analysed staple products that make great Christmas presents, looking at which items have risen in price, and which have dropped. NimbleFins’ key findings included the fact that the price of chocolate has increased, while the price of coffee machines has decreased.

Glassware, kitchen utensils, and chocolate are among the traditional Christmas presents that have risen the most in price this year.

NimbleFins found that a number of items for sale both in shops and online are now cheaper than they were in 2021. Meanwhile, some are more expensive.

Those looking to spoil a loved one with jewellery this Christmas will find prices are up seven percent year-on-year, while chocolate, clothing and sports equipment are all up nine percent.

The biggest price increases were for glassware, crystal, ceramic, and chinaware – up 13 percent.

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These were followed by non-electrical kitchen utensils and goods, which were up 10 percent.

However, coffee machines and tea appliances fell four percent in price year-on-year, while games and hobby items, such as children’s scooters, board games, jigsaws, and computer games have dropped by one percent.

Although still having risen in price, a few Christmas gift ideas stood out as having only a small inflationary rise, making them more cost-effective.

Mobile phone equipment has risen only two percent in the last year, while books have increased four percent.

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Alcohol is often a popular present, but shoppers may wish to gift wine instead of beer and spirits if they want a better value gift.

NimbleFins found that wine has risen three percent in the last year, while both beer and spirits have increased five percent.

Other items with higher prices included major appliances and small electrical goods, as well as personal care, which have have all seen an eight percent rise in prices year-on-year.

NimbleFins used the latest Office for National Statistics (ONS) inflation data from October 2022, comparing it with October 2021 for its analysis.

The latest Consumer Price Index figures showed overall inflation at 11.1 percent in October 2022, up from 10.1 percent in September.

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Full list of gifts and their inflation rate

Glassware, crystal-ware, ceramic ware and chinaware – 13 percent

Non-electric kitchen utensils and articles – 10 percent

Chocolate – nine percent

Clothing – nine percent

Sports equipment – nine percent

Major appliances and small electric goods – eight percent

Personal care – eight percent

Jewellery – seven percent

Spirits – five percent

Beer – five percent

Wine – three percent

Books – four percent

Mobile phone equipment – two percent

Toys and celebration articles – four percent

Games and hobbies – minus one percent

Coffee machines, tea makers and similar appliances – minus four percent



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