• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Christmas Inflation: Cost of Christmas celebration across African countries in 2023

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
75
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Christmas Inflation: Cost of Christmas celebration across African countries in 2023

According to WorldRemit‘s Cost of Christmas Study report for 2023, up to 84% of family’s monthly income is expected to be spent on Christmas this year, and families around the world are expected to spend up to 24% more on Christmas this year.

The study compares the average cost of food, gifts, and decor to the average household incomes across 24 countries, to determine the festive season’s financial impact on families around the world.

In Africa, the research revealed that households in Cameroon will pay the highest amount compared to their average monthly income (83.67%). This year, the cost of Christmas in Nigeria is expected to be 23.71% higher than last year, while in the Dominican Republic and Zimbabwe, the increases are anticipated to be 22.25% and 19.38%, respectively.

This is unsurprising, as many African countries have been battling gravity-defying inflation, particularly impacting the prices of essential commodities like food. In a sepearte report, Pricepally revealed how this surge has affected the prices of stew ingredients, showing an increase from 2022 to 2023.

Methodology

The Christmas items were selected based on desk research of typical Christmas meals, gifts, traditions, travel and decorations. The average price of each item for an average family on an average income was then researched.

In late September 2023, online research was conducted on prices. The gathered information, which included breakdowns of what is appropriate for Christmas celebrations, was verified by a local resident of each country. Adjustments were made as necessary to ensure accurate data.

Below are the average cost of Christmas in African countries:

RankCountryChristmas foodChristmas decorationsChristmas giftTotal
1Cameroon34%51%15%$650
2Zimbabwe22%37%41%$254
3Rwanda32%34%34%$239
4Nigeria52%31%17%$218
5Kenya21%23%56%$215
6South Africa26%36%38%$166
7Uganda56%20%23%$64
No Result
View All Result

Highlights

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

RMA Demands Public Inquiry into Unibank Collapse, Slams AG’s Decision to Drop Charges

Trending

Features

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe The Ghana Airports Company Limited (GACL) has officially...

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.