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PPI Claims: High inflation to affect Christmas dinner

Payment protection insurance (PPI) claims and credit card refunds could be just in time to help people enjoy the full extent of their Christmas meal without having to worry about the financial implications.

According to new figures from the Office for National Statistics, the prices of many products in the average Christmas food shopping basket have increased when compared to last year's values.

The biggest rise is in the price of cream crackers, which has gone up by 50.9 per cent. Many families will see their finances stretched by the traditional Christmas turkey, as the report found prices had increased from £7.85 per kg in 2010 to £8.15 per kg. 

Anyone finishing off their feast with a warm drink will pay 20.9 per cent more than last year for their ground filter coffee. 

This comes after a recent report from found that high inflation will mean 20 per cent of the UK population will be left with debt problems by the start of the new year.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801247914-ADNFCR

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