Turkey day is about to get a lot more expensive this year thanks to Bidenflation.
Biden has sustained 40-year high levels of inflation for a large portion of 2022. The price increases peaked in June, with a Consumer Price Index reading of 9.1% year-over-year.
Consumers especially felt this inflation when filling up their gas tanks amid record-high fuel prices, buying a car, putting food on the table, or purchasing a house.
The price of food has experienced a high degree of inflation and that trend has not slowed down.
According to the American Farm Bureau, the price estimation for Thanksgiving Day food items is up 20% when compared to last year.
The Farm Bureau reported:
“Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. Farm Bureau’s 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05 or less than $6.50 per person. This is a $10.74 or 20% increase from last year’s average of $53.31.”
“The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird. That’s $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. Farm Bureau “volunteer shoppers” checked prices Oct. 18-31, before most grocery store chains began featuring whole frozen turkeys at sharply lower prices. According to USDA Agricultural Marketing Service data, the average per-pound feature price for whole frozen turkeys was $1.11 the week of Nov. 3-9 and 95 cents the week of Nov. 10-16, a decline of 14% in just one week; and the share of stores offering feature prices rose from 29% to 60%. This means consumers who have not yet purchased a turkey should be able to find one at a lower cost than the Farm Bureau average.”
Below is a list of the individual price increases of common Thanksgiving food items:
- 16-pound turkey: $28.96 or $1.81 per pound (up 21%)
- 14-ounce bag of cubed stuffing mix: $3.88 (up 69%)
- 2 frozen pie crusts: $3.68 (up 26%)
- Half pint of whipping cream: $2.24 (up 26%)
- 1 pound of frozen peas: $1.90 (up 23%)
- 1 dozen dinner rolls: $3.73 (up 22%)
- Misc. ingredients to prepare the meal: $4.13 (up 20%)
- 30-ounce can of pumpkin pie mix: $4.28 (up 18%)
- 1 gallon of whole milk: $3.84 (up 16%)
- 3 pounds of sweet potatoes: $3.96 (up 11%)
- 1-pound veggie tray (carrots & celery): 88 cents (up 8%)
- 12-ounce bag of fresh cranberries: $2.57 (down 14%)
These exorbitant prices even have some shoppers opting to replace the traditional Thanksgiving turkey with chicken this year.
Many blame Biden’s reckless fiscal spending for exacerbating inflation. Basic economics dictates that an increase in government spending will lead to an increase in prices, as the injection of cash stimulates the economy.
The administration claims they are helping families through their spending programs. Are they really?
We know for certain that it is more financially difficult to afford one our most cherished traditions in this country.
Inflation has been seriously deteriorating the purchasing power of consumers, as demonstrated by the above price increases.
Purchasing necessities like food, energy, transportation, and housing is eating away at the savings of Americans.
Biden just did a victory lap, celebrating the October CPI reading of 7.7% as if that means prices have come down significantly. That is still way above the target inflation of 2%.
Remember that when you spend 20% more for Thanksgiving this year.
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