Overall food prices are up for the last year, and that means paying more for Thanksgiving dinner. In its 36th annual survey, the American Farm Bureau Federation (AFBF) revealed Americans will pay 14 percent more for the Thanksgiving feast. Disruptions in the supply chain, inflation and food demand since the pandemic are driving up the […]
Overall food prices are up for the last year, and that means paying more for Thanksgiving dinner. In its 36th annual survey, the American Farm Bureau Federation (AFBF) revealed Americans will pay 14 percent more for the Thanksgiving feast. Disruptions in the supply chain, inflation and food demand since the pandemic are driving up the cost. “These include dramatic disruptions to the U.S. economy and supply chains over the last 20 months; inflationary pressure throughout the economy; difficulty in predicting demand during the COVID-19 pandemic and high global demand for food, particularly meat,” said Veronica Nigh, senior economist for the bureau. “The trend of consumers cooking and eating at home more often due to the pandemic led to increased supermarket demand and higher retail food prices in 2020 and 2021, compared to pre-pandemic prices in 2019.” On average, a Thanksgiving meal for 10 will cost $53.31, or $6.41 more, than last year’s average of $46.90. The cost for a 16-pound turkey, the survey found, is $23.99, up 24 percent from last year. However, many grocery stores now have turkeys on sale at bargain prices and consumers will likely pay less for them. The bureau surveyed prices from Oct.26 to Nov.8. But this year, according to the U.
