Home News Easter spending in the UK to rise to £892 million this year
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Easter spending in the UK to rise to £892 million this year

by uma
29 views

 

Almost two-thirds (63%) of the UK are expected to spend money celebrating Easter this year, parting with a total of £892 million on things like gifts and chocolates.

The average spend per person is set to be £26.85 per person according to the projections from personal finance comparison site, finder.com, which analysed trends from 4 year’s worth of research.

Separate research suggests that 80 million eggs are sold in the UK every year*, so Finder estimates that over £415 million could be spent on Easter Eggs alone this year, based on an average cost of £5.18 per egg.

As well as those who plan to fork out on Easter this year, a further 12% of the population are projected to celebrate Easter without parting with their cash, taking the total number of people who will mark the event in some way to 75%.

These figures are all higher than last year, when 62% of Brits spent an average of £24.86 on each, meaning a total of £810 million was spent on Easter in 2021. One factor behind the increase in money spent is the rising cost of goods, with inflation (CPI) rising by 6.2% in the 12 months to February 2022.

However, 2020’s total of £902 million, where the average spend per person sat at £28, was higher than both years. Before the COVID-19 era, the average spend per person in 2019 was £30 – the highest performing year to date since Finder started carrying out the research in 2018.

For more information and to see the full breakdown of the research, visit here: https://www.finder.com/uk/easter-spending-statistics 

Methodology

 

Using figures from nationally representative surveys (2,000 adults aged 18+) Finder commissioned between 2018 – 2021, Finder’s analysts estimated the total projected spend for 2022 based on the average percentage change in the figures over the 4 years. The inflation data was sourced from the Consumer Price Index (CPI) via ONS, which said that it rose 6.2% in the 12 months to February 2022, and this was applied to all projections.

The figure around easter eggs sold each year was sourced from Cadburys*, and the average cost per egg was calculated by Finder analysts who collected prices for 8 brands of easter eggs from a range of leading supermarkets.

 

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More