Higher Prices Coming For Thanksgiving Dinner This Year

Turkey, typically the centerpiece of the Thanksgiving meal, will be one of the biggest sticker shocks for consumers. Wholesale prices for a turkey have jumped 40% from a year ago, according to the Department of Agriculture. Outbreaks of avian influenza, or bird flu, and increased demand have contributed to these higher prices. Those opting for beef instead of turkey should also prepare to pay more. Beef prices are nearly 15% higher than they were last year, according to data from the Bureau of Labor Statistics.

Advertisements

Canned vegetables are 5% more expensive compared to last year, due to higher packaging costs from the steel and aluminum tariffs the Trump administration put in place earlier this year.

Some grocery items have seen some price decreases in time for the holiday season. Egg prices have seen a decline from earlier this year, and domestic wine prices are down about 1.2% from last year due to a steady supply and softening demand.

Source: NPR