Families will have to do their calculations very well and measure their budgets for this year, because the Thanksgiving dinner will be a 21% more expensive compared to what it cost in 2022, due to high inflation, according to a survey carried out by the American Farm Bureau Federation.
The escalation of prices that historical inflation has left for practically throughout the year, it also takes its toll on consumers this Thanksgiving and, surely, it will do so for Christmas.
“General inflation, which drastically reduces the purchasing power of consumers, is a significant factor that contributes to the increase in the average cost of Thanksgiving dinner this year,” said Roger Cryan, chief economist at the American Farm Bureau Federation.
For now, families will have to prepare to spend a little more for this season Give, then, a dinner for 05 people with at least 12 entrees including turkey, stuffing, cranberries, and pumpkin pie will cost this year $69.05 dollars on average.
The average cost for this year is $05 .100 dollars higher than families paid on Thanksgiving of for a dinner with the same characteristics, according to this organization.
The above means that, if the costs are broken down, the average cost to invite ten people to dinner will be $6.50 dollars per each one, according to the annual survey.
According to the results of the survey, the price of the turkey will be what most doubts the scope of family budgets, because this year will have an average cost of $50.96 dollars for one copy of 14 pounds.
That amount turns out to be a 25% higher compared to 2021, according to the survey data.
Although last October inflation decreased to 7.7% in its annual comparison, according to the report from the Bureau of Labor Statistics, food prices were of the components that fueled the rise the most.
Only last September, the prices of food increased 14% in its annual comparison, according to the monthly report of the Consumer Price Index (CPI).
A more expensive Thanksgiving dinner
But not only the turkey will be more expensive in this Thanksgiving dinner, actually all the products that are needed for their elaboration they are more expensive this year, with the exception of blueberries, whose bag of 10 ounces is 14% cheaper than a year ago.
However, the cost of the landfill had a significant increase year after year, since it did a 69% plus; while cake batter and whipped cream reported annual increases of 28%, according to the survey.
Now, if consumers want to add other non-staple items to their Thanksgiving dinner , such as ham, russet potatoes, or green beans, $14 will need to be added.26 dollars on average at the base price.
By region, consumers who Living in the western states of the country found the highest prices for Thanksgiving dinner accoutrements, while those in the south had the lowest prices.
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