Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.
As a result, U.S. turkey supplies per capita are at their lowest level since 1986, said Mark Jordan, the executive director of Jonesboro, Arkansas-based Leap Market Analytics. Jordan predicts the wholesale price of a frozen, 8-16 pound turkey hen — the type typically purchased for Thanksgiving — will hit $1.77 per pound in November, up 28% from the same month last year.
Avian flu also pushed egg prices into record territory, Anderson said. In the second week of November, a dozen Grade A eggs were selling for an average of $2.28, more than double the price from the prior year, according to the U.S. Department of Agriculture. — said pumpkin harvests were in line with previous years, but it had to compensate for higher labor, transportation, fuel and energy costs.Plan to fill up on sides? That will also cost you. A 16-ounce box of stuffing costs 14% more than last year, Datasemby said. And a 5-pound bag of Russet potatoes averaged $3.26 the second week of November, or 45.5% higher than a year ago.
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