How has the cost-of-living crisis affected Christmas shopping in 2022?

The cost-of-living crisis has affected many consumers and their Christmas shopping in 2022 compared to previous years.

So what is the cost-of-living crisis?

It can be defined as the inflation in price of items such as food and spikes in energy prices affecting great masses of people.

Many households have had to make changes to their festive plans this Christmas, with them having to make the decision of either paying their bills or buying many different gifts for those around them.

“Usually I would have a budget of around £200 to go around everyone now that’s more like between £50 and £100” Julia, a second-year student at the University of Portsmouth, has said.