#inflation #foodinflation #Thanksgivingfoodcosts
According to the U.S. Bureau Of Labor Statistics food inflation is real. Here’s a look at how inflation has made Thanksgiving more expensive.
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Food inflation will affect Thanksgiving this year

As Thanksgiving approaches, many Americans are beginning to plan their holiday feasts. However, this year, they may be in for a rude awakening when it comes to the cost of their traditional Thanksgiving meals. Food inflation is on the rise, and it is likely to have a significant impact on the prices of all the ingredients that go into making a Thanksgiving dinner.

Over the past year, the cost of food items has been steadily rising. According to the U.S. Bureau of Labor Statistics, the consumer price index for food has increased by 4.6% in the past 12 months. This rise in food prices can be attributed to a variety of factors, including supply chain issues, labor shortages, and increased demand for certain products.

One of the main contributors to the rise in food prices is the ongoing global supply chain disruptions caused by the COVID-19 pandemic. This disruption has led to shortages of key ingredients and has caused shipping delays, which has resulted in higher prices for many food items. Additionally, labor shortages in the agricultural and food processing industries have also contributed to the increase in food prices, as the cost of production has gone up.

The impact of food inflation is likely to be felt particularly keenly during the Thanksgiving holiday, as families gather to celebrate and indulge in a traditional feast. According to the American Farm Bureau Federation, the average cost of a Thanksgiving dinner for 10 people is expected to be around $53, which is an increase of 14% from last year. This increase is mainly due to the higher cost of turkey, dairy products, and baked goods.

The rising cost of food may force many families to rethink their Thanksgiving menus and make more budget-conscious choices when it comes to the dishes they prepare. Some may opt for smaller turkeys or choose alternative proteins, while others may have to forgo certain side dishes or desserts in order to keep costs down. In any case, the impact of food inflation is likely to be felt in some way by nearly every family celebrating Thanksgiving this year.

The rise in food prices is also likely to affect food banks and organizations that provide meals for those in need. With higher costs for basic ingredients, these organizations may find it increasingly difficult to meet the demand for Thanksgiving meals for those who are struggling to put food on the table.

While food inflation is a concerning issue, it is important for individuals and families to remember the true spirit of Thanksgiving – a time to come together and give thanks for all that we have. While the cost of a Thanksgiving dinner may be higher this year, many will still be able to gather with loved ones and enjoy a delicious meal. Additionally, there are many ways to make a Thanksgiving feast more affordable, such as shopping for deals, using coupons, or opting for more budget-friendly recipes.

As we approach Thanksgiving, it is important to be mindful of the impact of food inflation and to be grateful for the abundance of food that we have. While the cost of a Thanksgiving dinner may be higher this year, the spirit of gratitude and togetherness that comes with the holiday is priceless.