Experts say it could be the most expensive Thanksgiving in history
As inflation rages on— experts say Thanksgiving 2022 could be the most expensive in American history.
This year, a feast for 10 people could be 20% more expensive than last year thanks to red-hot inflation.
According to a Farm Bureau survey, the price tag for a Thanksgiving meal itself cost $53.31 in 2021 but has jumped to $64.05 in 2022.
Shoppers in the U.S. say they’re really feeling the squeeze as costs keep going up but, President Joe Biden is still insisting there’s no need to panic.
“As we head into the holidays, this week we saw growth in prices in the business and in goods and services to come down as well, gas prices are down,” he said.
“But it’s going to take time to get inflation back to normal levels as we keep our job market strong so we can see setbacks along the way—I don’t doubt that but thus far we’re in good shape.”
However, families across the nation are paying significantly more this year for their holiday dinners.
When compared to last year, a sixteen-pound turkey costs $28.96 which is up 21%; a 14-ounce bag of stuffing mix is going for $3.88 which is up 69%; and two frozen pie crusts cost $3.68 which is up 26%.
