Turkey and most of the traditional fixings will cost more this year as food prices continue to climb.
Turkey and fixin’s are a tradition at the Thanksgiving table, but this year, add a heaping helping of inflation.– Turkey and fixin’s are a tradition at the Thanksgiving table, but this year, add a heaping helping of inflation.
Even as new government numbers show inflation cooling, many food prices are still heating up. The Consumer Price Index for October shows groceries cost about 12.4% more than one year ago.Take turkey. It’s gobbling up more of family food budgets. Wholesale prices are up about 28% due to tight supplies and other increased costs like feed, transportation, and labor.
“We certainly are producing fewer turkeys this year than last,” said Texas A&M Agriculture Economist David Anderson. “A big part of that is avian influenza that killed a bunch of turkeys.”“But, if you’re a consumer interested in a particular brand or size or weight, it probably pays to go early,” he said.“Maybe the turkey is going to be $3.50 more than last year,” he estimated.Shopper Maria Elena Padilla said she shopped early for most of her Thanksgiving needs to preempt price jumps.
The cost of putting the traditional feast on the table is higher, but many shoppers say they’ll manage because gathering with loved ones is priceless.Copyright 2022 by KSAT - All rights reserved.As a consumer reporter, Marilyn is all about helping people stay safe and save a buck.
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