Thanksgiving dinner will cost Americans 14% more this year, survey finds

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“These include dramatic disruptions to the US 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 with the American Farm Bureau Federation.

The biggest ticket item — turkey — is up 24% since last year. But there are a few caveats. Grocery stores started advertising lower prices later than usual this year. For example, if you were shopping for a turkey during the week of November 5-11, you could have paid 18% more than the following week November 12-18, the American Farm Bureau found. That means shoppers can still find more affordable turkeys than the Farm Bureau’s estimate of $23.99 for a 16-pound bird.

“Taking turkey out of the basket of foods reveals a 6.6% price increase compared to last year, which tracks closely with the Consumer Price Index for food…

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