By Arlenys Tabare
Nov 26, 2024, 3:50 PM EST
Although inflation currently stands at 2.6% from 9.1% in 2022, it is still The prices of many products remain high for the average American pocketbook who have not only struggled this year with the increase in food but also in basic goods and services.
And just days before Thanksgiving, one of the most important holidays, a report published by LendingTree highlights that this year The cost of basic products for the preparation of this dinner increased by 19% compared to last year.
In this regard, LendingTree’s chief credit analyst, Matt Schulz, commented that “inflation continues to have a big impact on people’s budgets when it comes to their Thanksgiving plans”he said in an interview with FOX Business.
In a general calculation it was determined that a Thanksgiving dinner host You could spend up to $431 more on decoration, food and drinks than a year ago. “Prices are not going up as much as they have been in the last two years, but it is still present and clearly still an issue that people are dealing with this Thanksgiving,” Schulz noted.
Additionally, LendingTree conducted a survey in which it was found that More than 60% of Americans surveyed mentioned that high inflation is affecting their budget for the celebration of the festivities.
That’s why the report found that this year at least 6 in 10 potential holiday hosts expect guests to help with expenses. “This survey certainly indicates that these types of things do not usually go unnoticed”says Schulz.
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