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Thanksgiving Will Costs 15% More This Year

Thanksgiving Inflation

Everything is up this year and Thanksgiving will be no exception. As outlined by Axios:

Thanksgiving inflation, according to new estimates by the American Farm Bureau, is even greater than the overall increase in the cost of food, Axios’ Sam Baker, Sarah Grillo and Will Chase write.

Why it matters: Inflation, supply-chain problems and “high global demand for food, particularly meat,” have all contributed to the rising costs, Farm Bureau senior economist Veronica Nigh said.

A 16-pound turkey will set you back about $24 — almost $5 more than the average cost a year ago, according to the Bureau’s informal survey of grocery stores across the country.