News

SKYHIGH PRICES: Thanksgiving dinner cooked by inflation

Published

1 year ago

November 25, 2022

Veronica Dudo

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%.

Related Topics:Featured Politics trending world

Up Next

‘Wired’ rats get into 200 kilograms of cannabis

Don't Miss

Six million in another Beijing lockdown

Veronica Dudo

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

News

Technological terror: China reveals uncanny AI romance film

Published

1 day ago

April 24, 2024

ticker NEWS

As competition intensifies in the streaming landscape, with players like Roku, Vizio, and Samsung launching their ad-supported platforms, TCL aims to carve its niche by offering compelling original content.

TCL, the renowned Chinese smart-TV manufacturer, announces its innovative use of generative artificial intelligence to produce original content for its streaming platform, TCLtvPlus.

Debuting this summer, “Next Stop Paris,” an AI-driven love story, marks the inaugural program from TCLtvPlus Studios

News

Grindr application cruises into court over privacy concerns

Published

1 day ago

April 24, 2024

ticker NEWS

Grindr faces lawsuit over alleged privacy breaches

Grindr, the popular gay dating app, is under fire in London as hundreds of users claim their private information, including HIV status, was shared without consent. The lawsuit alleges commercial use of sensitive data, sparking concern within the LGBTQ+ community. Grindr vows to defend its practices while emphasising its commitment to user privacy and compliance with data regulations.

News

The TikTok ban was just passed by the House. What could happen next?

Published

2 days ago

April 24, 2024

ticker NEWS

Washington D.C. has been under pressure to ban the popular Chinese-owned social media app TikTok.

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the U.S.

Calls are growing louder from many lawmakers and national security hawks to ban TikTok, over fears the app could censure content, influence users, and give Americans’ personal data to Beijing.

But the Chinese tech company, ByteDance—which owns TikTok— denies the allegations.

Dave Levinthal, the Editor-in-Chief of Raw Story joins Veronica Dudo to discuss.