Il Christmas lunch it will cost more this year throughout EuropeBut it is Italy that shows one of the highest Christmas spending receipts, starting from tortelliniIn its annual analysis, the trading and investment platform eToro examine thecost trend of a typical holiday dish in twelve different countries. From the cross-section it emerges that the'Italy It ranks fourth among the most expensive countries for Christmas dinner.
This year too, eToro has examined the prices of the traditional dishes of the festival and recorded a 2,39% increase compared to 2024, a modest increase, but one which confirms a trend of continued growth in the cost of Christmas dinner.
In Italy, the symbolic dish of Christmas Eve, the tortellini in bread of capon, reaches 53,11 euros for four people. In recent years, spending on the classic dish has shown steady growth: from 47,60 euros in 2022, when food price inflation reached 13,1%, it rose to 48,30 euros in 2023 (+1%, food price inflation at 5,9%) and to 51,90 euros in 2024 (+7%, food price inflation at 2,1%).
Further pressure on the agri-food supply chain: the case of eggs
2025 continues this trajectory, albeit with a more moderate increase, reflecting pressures still present on the agri-food supply chain: high costs of raw material, reduced harvests due to the climatic events and volatility of energy and logistics prices. Although the increase is less drastic than that observed in other countries, the cost of Italian Christmas dinner continues to rise, weighing increasingly on family budgets.
"The evolution of Christmas dinner prices reflects a broader trend in the Italian food sector. Although food inflation has slowed, going from 13,3% in December 2022 to a provisional 1,9% in November 2025 (Istat data), we should not confuse the slowdown with a decline in prices," he states. Gabriel Debach, eToro's market analyst for Italy. "The cumulative impact is tangible: from the end of 2022 to today, the price of grocery shopping has increased by 10%, an increase almost 7 points higher than the general index, exacerbating the pressure on families, despite the slowdown in inflation."
“Finally, analyzing the basket monitored by eToro, an extreme internal volatility emerges which explains the persistence of price increases. We are faced with a price schizophrenia: while basic commodities such as flour , pork loin collapse following the international declines, the noble and protein component of tortellino suffers speculative flare-ups. The case of the eggs It's emblematic, recording double-digit price increases due to sustained foreign demand and a tight supply. For families, this means having to navigate promotions and alternative choices to protect their holiday budgets.
Spain is the most expensive, with steep increases for stuffed turkey in France and goose in Germany.
While Italy is seeing moderate increases, other countries are not so fortunate. Spain, the Christmas dinner reaches 81,95 euros (+8,9%), while in France stuffed turkey reaches 73,68 euros (+26%). However, it is the typical German dish to experience the most significant increase in the entire ranking: thegoose with side dishes it rises by 28%, reaching 70,75 euros, bringing Germany to third place among the most expensive countries.
"Looking beyond the borders, FAO data confirms a complex scenario: the November 2025 Food Price Index stands at 125,1 points (-2% year-on-year), but volatility remains high. Climate factors and global logistical tensions are keeping markets nervous, preventing a true return to normality," says Debach.
