Expect to pay at least 14% more for this year’s Thanksgiving festivities, according to the American Farm Bureau. The bureau estimates that a feast for ten will cost $53.31 this year, and I would personally like to know what grocery store has such low prices; the estimate seems drastically low. The US Department of Agriculture noted that wholesale prices of 8-16 lb frozen turkeys are up 21% from November 2020. Pumpkin prices have risen 5% due to droughts in California and heavy rains leading to fungal infestations in Illinois. Green beans, a typically cheap staple, advanced 4% YoY, while cranberry sauce prices increased 2.5%. Milk, eggs, potatoes, and many other Thanksgiving staples have all increased in price. Butterball President and CEO Jay Jandrain said that turkey prices will remain elevated into 2022 due to increased feed, labor, and transportation costs. However, US Agriculture Secretary Tom Vilsack said he is confident Americans will still foot the higher bill to maintain the annual tradition.
Thanksgiving Costs on the Rise
Posted Nov 24, 2021 by Martin Armstrong |
Blog Alerts
Related posts
Why We Cannot Reach the Fed’s 2% Inflation Target
April 18, 2024
Strong Jobs Report Does Not Mean Strong Economy
April 9, 2024
PRIVATE BLOG – Inflation – Interest Rates – War
April 5, 2024
Smart Cars Reporting to Govt – Insurance Rates up 26% YoY
March 18, 2024
Inflation Dropped in Canada – So Why is the Cost of Living Unaffordable?
February 22, 2024
Blog Categories
- Armstrong Economics 101
- Armstrong in the Media
- Behavioral Economics
- Books
- Forecasts
- Great Divide
- History
- Hong Kong
- Humor
- Immigration
- International News
- Africa
- Australia & Oceania
- BigTech
- BRITAIN
- Canada
- Caribbean
- Censorship
- Central America
- China
- Collectibles
- Crime
- Democracy Crisis
- Disease
- East Asia
- Eastern Europe
- Emerging Markets
- Entertainment
- Ethics
- European Union
- France
- Germany
- Great Reset
- Greece
- HongKong
- Hungary
- India
- Iran
- Ireland
- Israel
- Italy
- Japan
- Latin America
- Lock Down
- Lockdaown
- Media
- medicine
- Mexico
- Middle East
- Migraction
- Migration
- Nature
- North America
- North Korea
- Poland
- Police
- Politics
- Revolution
- Rule of Law
- Russia
- Scandinavia
- Science
- South America
- South Asia
- Southeast Asia
- SPAIN
- Switzerland
- Taiwan
- Thailand
- Turkey
- Ukraine
- Vaccine
- Western Europe
- Market Talk
- Markets by Sector
- Plagues
- Products and Services
- Q&A
- Real Estate
- Uncategorized
- Upcoming Events
- webinars
- World Events
- Banking Crisis
- Bio Technology
- Capital Flow
- CENSORSHIP
- Central Banks
- Civil Unrest
- Civilization
- Climate
- Conspiracy
- Correction
- Corruption
- Cryptocurrency
- Education
- Freedom of Speech
- G7
- Geopolitical
- Gov't Incompetence
- Human Rights
- IMF
- Immigratin
- Immigration
- Interest Rates
- Monetary Reform
- NATO
- Neocons
- New Norm
- Pension Crisis
- Police State
- Population
- Press
- Private Money
- Propaganda
- Religion
- Separatists
- Sovereign Debt Crisis
- Student Debt
- Technology
- Terrorism
- The Hunt for Taxes
- Traders
- Tyranny
- Violence
- War
- WEF
- WOKE
- World Health Organization
- World Trade