American Farm Bureau tallies the rise in price due to inflation.
The traditional Thanksgiving meal with all the fixings will cost 20 percent more this year than a year ago. According to the American Farm Bureau’s annual Thanksgiving dinner survey, the average cost of this year’s meal for ten is $65.06. It is the most expensive dinner in 37 years of their survey.
“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 Roger Cryan, the bureau’s chief economist. “General inflation has been running 7% to 9% in recent months, while the most recent Consumer Price Index report for food consumed at home reveals a 12% increase over the past year.”
Additionally, Agriculture Secretary Tom Vilsack has warned of a possible shortage of 20-pound or larger turkeys in some regions due to bird flu.
As the Lord Leads, Pray with Us…
- For Secretary Vilsack to seek the Lord’s wisdom as he heads the USDA.
- For the president and his economic advisors as they address inflation.
- For Americans who are struggling to make ends meet this holiday season.
Sources: Axios, CNN
