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The US celebrates the most expensive Thanksgiving dinner since 1986, after a record rise in prices of 14%

People pass a sign of turkey sales for Thanksgiving, November 23, 2021 in a supermarket in New York, USA.  EFE / Jorge Fuentelsaz
People pass a sign of turkey sales for Thanksgiving, November 23, 2021 in a supermarket in New York, USA. EFE / Jorge Fuentelsaz

American families will have to ‘scratch’ their pockets more than usual to celebrate the traditional ‘Thanksgiving’ dinner this year, since the average price of the usual menu on this holiday has increased by 13.7% compared to last year, what the highest year-on-year price increase since at least 1986, according to data provided by the American Farmers Federation (AFBF).

In this way, the cost of the feast, which will gather American families around the table this Thursday, has been placed at 53.31 dollars (47.52 euros) in the case of a dinner for ten people, which means a cost of less than $ 6 per person, compared to the cost of $ 46.90 (41.80 euros) for dinner last year.

The ‘lobby’ of American farmers and ranchers, whose statistics date back to 1986, highlights that the main factor behind this record rise in the cost of dinner is the 23.7% increase in the price of turkey, a key element of the feast , which has reached $ 23.99 for a 16-pound piece, up from $ 19.39 in 2020.

REUTERS / Lindsey Wasson
REUTERS / Lindsey Wasson

“Several factors contributed to the increase in the average cost of Thanksgiving dinner this year”said Veronica Nigh, senior economist at AFBF, in reference to the impact on prices of the interruptions registered in the economy and supply chains of the country during the last 20 months, as well as by inflationary pressure, the difficulty to predict demand during the pandemic and a high global demand for food.

In addition, the economist pointed out, “The trend of consumers to cook and eat at home more frequently due to the pandemic has led to higher demand in supermarkets and an increase in retail food prices in 2020 and 2021, compared to previous prices to the pandemic in 2019 ″.

The US markets will remain closed this Thursday for Thanksgiving and this Friday, coinciding with ‘Black Friday’, they will only open half a session.

A shopper pauses at Don and Joe's Meats in Pike Place Market as preparations begin for the Thanksgiving holiday in Seattle, Washington, USA, November 24, 2021. REUTERS / Lindsey Wasson
A shopper pauses at Don and Joe’s Meats in Pike Place Market as preparations begin for the Thanksgiving holiday in Seattle, Washington, USA, November 24, 2021. REUTERS / Lindsey Wasson

The consumer price index (CPI) of the United States stood at 6.2% last October, representing an increase of eight tenths compared to September and the highest rate registered in the country since November 1990.

Food prices experienced an annual increase of 5.3% in the tenth month of the year, seven tenths more than in the previous month. On your side, inflation soared 30%, from 24.8% in September.

Thus, without taking into account the impact of energy and food prices, the core inflation rate in the United States stood at 4.6%, six tenths more than the previous month.

A trader looks at his screen on the New York Stock Exchange, USA.  November 8, 2021. REUTERS / Brendan McDermid
A trader looks at his screen on the New York Stock Exchange, USA. November 8, 2021. REUTERS / Brendan McDermid

In monthly terms, inflation grew 0.9% in October, compared to the 0.4% observed in September. The underlying data rose 0.6%, four tenths more than in the previous month.

(with EP information)

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HELEN HERNANDEZ

Helen Hernandez is our best writer. Helen writes about social news and celebrity gossip. She loves watching movies since childhood. Email: Helen@oicanadian.com Phone : +1 281-333-2229

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