How inflation impacts holiday baking costs in 2024

Table of contents:

• Cost increase over five years
• Starting from scratch
• Future price trends
• The value of homemade treats

Cost increase over five years

The cost of baking a single batch of sugar cookies has risen by 32 percent in five years. In 2019, it cost approximately $3.67, while in 2024, the same batch costs $4.84. The rising prices of flour, sugar, and butter are the primary contributors to this increase, reflecting the broader trend of food inflation.

Starting from scratch

For those without a well-stocked kitchen, preparing to bake holiday cookies can be even more costly. Buying all the ingredients for one batch now costs about $6 more than it did in 2019. This includes basics like flour and sugar, as well as specialty items like vanilla extract or holiday-themed sprinkles.

The higher prices may make bulk buying or shopping during sales more appealing for avid bakers.

Future price trends

While prices peaked in 2023, 2024 has seen a slight decrease in costs. However, ingredient prices remain significantly higher than pre-pandemic levels. Experts suggest that food inflation may stabilize in the coming years, but a return to pre-2019 prices is unlikely in the near future.

Planning ahead and adjusting recipes to use fewer costly ingredients can help mitigate the impact of rising costs.

The value of homemade treats

Despite the rising costs, many people continue to bake at home for the holidays. Homemade treats offer a personal touch and are often more affordable than store-bought alternatives. Baking at home also allows for customization and the joy of creating something special for loved ones.

As families gather around the oven this holiday season, the experience of baking together remains a priceless tradition, even as costs rise.

source: CTV News