Monday, November 29

Thanksgiving Dinner will cost 14% more this year in the US.

New York (CNN Business) – Thanksgiving dinner will cost 14% more this year, according to a new survey from the American Federation of Agricultural Bureaus. Dinner for a family of 10 will cost an average of US $ 53.31, which is US $ 6.41 more than last year’s average of US $ 46.90. And that last figure was 4% less than in 2019, the lowest price in 10 years.

Several factors led to the increase in prices for Thanksgiving dinner this year, including that more Americans are expected to cook at home, as well as economic disruptions.

“These include dramatic disruptions in the US economy and supply chains over the past 20 months; inflationary pressure across the economy; difficulty predicting demand during the covid-19 pandemic, and high global demand for food, particularly for food. meat, “said Veronica Nigh, senior economist at the American Farm Bureau Federation.

The top-selling item this season – turkey – is up 24% from last year. But there are some caveats. Grocery stores began announcing lower prices later than usual this year.

For example, if you were buying a turkey during the week of November 5-11, you could have paid 18% more than the following week of November 12-18, the American Farm Bureau found. That means buyers can still find more affordable turkeys than the Farm Bureau estimated at $ 23.99 for a turkey weighing about 8 kilograms.

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“This reveals a 6.6% price increase compared to last year, which closely follows the Consumer Price Index for food and headline inflation across the economy,” Nigh said of the Thanksgiving dinner. .

The full Thanksgiving meal price includes other staples such as filling, sweet potatoes, buttered muffins, peas, blueberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, with enough to spare for food, according to the American Farm Bureau.

Turkeys saw the steepest price increase, followed by ingredients to make pie crusts, which were up 20%, and muffins up 15% at $ 3.05 for a dozen. Filler was the only item to drop in price, down 19% from a year earlier to $ 2.29 for a 14-ounce bag of cubed filler mix, the survey found.

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Regarding the availability of food for Thanksgiving dinner, US Secretary of Agriculture Tom Vilsack told CNN earlier this month: “There may be situations across the country where a grocery store groceries in particular don’t have as many turkeys as needed. At the end of the day, there will be a lot of food on the Thanksgiving plates for Americans. “

This is the 36th year the survey has been conducted using price data for the same menu items from all 50 states and Puerto Rico. Volunteer Farm Bureau shoppers also checked prices in person and online using supermarket apps and websites to find the best possible prices without using promotions or deals.

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