The average cost of a classic Thanksgiving feast to feed 10 is $65.04 this year, the Farm Bureau says, which is a $10.74, or 20%, increase over last year’s average $53.31 tab. That's not including alcohol or soft drinks.
In fact, the cost of buying a turkey and the trimmings to feed a family of 10 is the highest it’s been years, according to the latest American Farm Bureau Federation survey. The Farm Bureau’s 37th annual survey puts the average cost of a classic Thanksgiving feast at $65.04 this year, which is a $10.74, or 20%, increase over last year’s average $53.31 tab.
“General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner,” said AFBF chief economist Roger Cryan, in a statement. “Other contributing factors to the increased cost for the meal include supply-chain disruption and the war in Ukraine.”
The turkey is gobbling most of this year’s Thanksgiving budget, as usual. The Farm Bureau put a $28.96 price tag on a 16-pound gobbler, which is $1.81 a pound, or up 21% from last year. Indeed, wholesale turkey prices exceeded $1.80 a pound in October, up more than 40 cents a pound over last year, according to the Department of Agriculture, as avian influenza hurt turkey supply, and record-high feed prices contributed to the price increase.
Plus, some grocery chains like Walmart WMT, +6.54% and Aldi have been rolling back prices on Thanksgiving staples, or supermarkets like ShopRite and BJ’s Wholesale Club are giving away free turkeys to rewards members who spent a certain amount money in their stores.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Thanks, inflation: Thanksgiving dinner costs 20% more this year, running $65.04 on averageTurkey prices gobbled up most of the average budget to feed 10, the Farm Bureau says --- but shoppers may still be able to find cheaper birds before the big day
Consulte Mais informação »
53 Easy Appetizers for a Stress-Free ThanksgivingRoll into Thanksgiving dinner calm, cool, and collected with our best ideas for your Thanksgiving starters.
Consulte Mais informação »
More Utahns cut from iFIT jobs as Logan company reduces global staff by another 20%Previous layoffs had trimmed its number of employees to around 1,600 before this week’s reduction. Announced as a 20% cut, the latest reduction would take that number to about or below 1,300. Most of whom lost their jobs located in Utah.
Consulte Mais informação »
Biden to press G-20 to hold tough on Russia over Ukraine warNUSA DUA, Indonesia (AP) — President Joe Biden was set to try to cajole the world's largest economies to further isolate Russia diplomatically and economically over its invasion of Ukraine despite a souring global outlook that has tested other nations' resolve.
Consulte Mais informação »
Biden to press G-20 to hold tough on Russia over Ukraine warPresident Joe Biden is set to cajole the world’s largest economies to further isolate Russia diplomatically and economically over its invasion of Ukraine despite a souring global outlook that has tested other nations’ resolve.
Consulte Mais informação »
Ale from Hoppin’ Frog included on list of world’s 20 best beersHoppin’ Frog’s Den Haag Old Ale made Craft Beer & Brewing's list of the 20 best beers of the year 🍻
Consulte Mais informação »