Thanksgiving 2021 may turn out to be the most expensive ever

Photo by Tima Miroshnichenko from Pexels

Producer price index data from the Department of Labor showed Tuesday that turkey prices have gone up 40.7 percent from a year ago. That's even after the price of turkey fell a seasonally adjusted 1 percent in October.

According to The Wall Street Journal, turkeys are 60 percent out of stock in some parts of the country this year.

Food prices are up 10.5 percent overall compared with a year ago, due in part to higher grain prices, using more of our largely grain-fed turkey crop. Beef and veal prices have been rising by a whopping 41.5 percent.

Due to the nearly 90 percent increase in gasoline prices, traveling to the family Thanksgiving will be more expensive. There's good news for passengers, as prices are near where they were one year ago and still well below pre-pandemic levels. Prices for oil, gas, and electricity have increased overall by 8.6 percent compared with last year.

09 November 2021

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