Inflation and the supply chain are going to heavily influence what families can buy and how much they’ll need to spend this year for Thanksgiving dinner.
The cost of a 8-16 pound turkey has risen by 22%. It’s now $1.41 per pound according to the US Department of Agriculture. Last year, the first pandemic Thanksgiving, it was $1.15 per pound. In 2018 it was only .84 cents per pound.
Other typical foods families eat at Thanksgiving have risen in price as well.
Russet potatoes are up 13%, baby carrots 19%, and pumpkins 20%.
Apples are 22% higher if apple pie is a staple in your home.
Almost everything is influencing the higher prices this year: inflation, supply and demand, bad weather, and labor shortages.
Economists think turkey prices going up may be related to the high price of corn which is needed to feed the turkeys.
Dinner rolls are higher due to the ingredients needed to create the.
Canned cranberries are high because the factories used to make them are struggling to produce.
To save money, plan out the meal way ahead of time. Use coupons in every way possible. Look for grocery store deals.
Avoid shopping the two days before Thanksgiving.
Related: Walmart and Best Buy unveil Black Friday sale plans for 2021
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