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Monday, December 6, 2021

Survey Shows Thanksgiving Food Cost Rises 14 Percent

An annual Thanksgiving Farm Bureau survey found that the cost of traditional holiday meals increased by an average of 14 percent, largely due to the high cost of turkey.

A traditional customer survey estimated prices between October 26 and November 8, roughly two weeks before the holiday.

The results showed that “the average cost of a classic Thanksgiving holiday this year for 10 people is $ 53.31, or less than $ 6 per person. This is $ 6.41 or 14% more than last year’s average of $ 46.90. “

The most notable difference on the menu was the traditional Thanksgiving turkey.

The centerpiece on most Thanksgiving tables, the turkey, is worth more than last year at $ 23.99 for a £ 16 bird. That’s about $ 1.50 a pound, up 24% from last year, but there are several mitigating factors, ”the study said.

“Several factors have contributed to the increase in the average cost of a Thanksgiving dinner this year,” AFBF senior economist Veronica Nye said in a statement released alongside the study’s findings.

“These include the dramatic disruptions in the US economy and supply chains over the past 20 months; inflationary pressures throughout the economy; the difficulty of forecasting demand during the COVID-19 pandemic and the high global demand for food, especially meat, ”she added.

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In addition, “the trend of consumers to cook and eat more at home due to the pandemic has led to increased demand in supermarkets and higher retail food prices in 2020 and 2021 compared to prices before the pandemic in 2019. “.

Butterball CEO Jay Jandrain told Fox News in a recent interview that it is likely that American families will see more expensive Thanksgiving turkeys this year, and that smaller ones will be harder to find as inflation remains steadily high and the supply chain continues to grow.

On November 2, Jandrain told the outlet that while he did not expect an overall turkey shortage, “we do see fewer little turkeys this year,” and advised shoppers to “go to stores and buy them as early as possible.” as you can. “

At the same time, Jandrain said retailers are ordering more turkey due to increased demand and it is “reasonable to expect” higher prices.

“In general, we are seeing an increase in food prices. This is what we have all experienced recently. While we do not set prices for our retailers, it is reasonable to expect some cost increases this year, ”Jandrain said.

Tom Ozimek contributed to this report.

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Christopher Burroughs provides the latest news for The Epoch Times.

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