Overview
- In Mexico, experts estimate the Christmas and New Year dinner is up to 18% costlier year over year, with ANPEC putting a 20‑person meal near 17,000 pesos.
- Key Mexican staples show sharp rises: bacalao about 27%, turkey 17%, a home‑cooked pork leg roughly 15%, and components for romeritos around 12%, while white potato prices eased.
- Shoppers report rapid retail moves, including a one‑week 20% jump on bacalao at a national warehouse chain, and high market prices for shrimp, beef cuts and imported cod.
- Households are adjusting by budgeting roughly 1,000 pesos per dish, splitting menu responsibilities, buying smaller quantities or canned options, and in some cases foregoing the traditional reheated leftovers.
- In Spain’s Extremadura, a local analysis finds holiday menus roughly 10% pricier than last year as beef leads increases, with sirloin up more than 30% and official data showing beef about 19.5% higher since January.