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“The turkey is traditionally the main attraction on the Thanksgiving table and is typically the most expensive part of the meal,” said Bernt Nelson, an economist at the American Farm Bureau Federation (AFBF), said in a statement. “The American turkey flock is the smallest it’s been since 1985 because of avian influenza, but overall demand has also fallen, resulting in lower prices at the grocery store for families planning a holiday meal.”
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But items like cubed stuffing and dinner rolls both increased by 8% because of higher labor costs, the AFBF said. Cranberries saw the highest increase, rising almost 12% year-over-year.
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“We are seeing modest improvements in the cost of a Thanksgiving dinner for a second year, but America’s families, including farm families, are still being hurt by high inflation,” said Zippy Duvall, president of the AFBF, in a statement.
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In exit polling, Americans said the economy and specifically grocery prices were a top reason for why they voted for President-elect Donald Trump. However, while price increases could slow further, prices themselves are not expected to fall.
Farm Bureau volunteer shoppers checked prices in stores and online from November 1 through 7 in all 50 states and Puerto Rico and looked for the best deals. This was before most grocery store chains began featuring whole frozen turkeys at lower prices, the AFBF said. Americans could still find better prices, particularly on turkeys.
bsel algo limited (532123) to launch new product line ✌️【Quick Returns】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. The cost of the Thanksgiving dinner items varies based on location, the survey found. The dinner was cheapest in the South at $56.81, followed by the Northeast, the Midwest and then a sizable jump in the West at $67.81.
bsel algo limited (532123) to launch new product line ✌️【Quick Returns】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Predictions 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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