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SKYHIGH PRICES: Thanksgiving dinner cooked by inflation

Published

3 years 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%.

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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

Israel targets Iran’s Fordow facility amid tensions

Israel seeks to damage Iran’s Fordow facility before halting operations; Trump suggests US knows Khamenei’s location, avoids assassination.

Published

2 hours ago

June 18, 2025

Ahron Young

Israel seeks to damage Iran’s Fordow facility before halting operations; Trump suggests US knows Khamenei’s location, avoids assassination.

In Short:
Israel aims to damage Iran’s Fordow nuclear facility and is seeking US assistance, despite uncertainty about American military involvement. Tensions rise as President Trump holds national security meetings, contemplating military options against Iran.

Israel plans to continue its operations against Iran until the Fordow nuclear facility is significantly damaged. The facility, located underground near Qom, is crucial for uranium enrichment.

Israel acknowledges that its own military capabilities cannot reach the depths of Fordow, but it is relying on the United States for support.

Israel’s National Security Advisor, Tzachi Hanegbi, indicated ongoing discussions with US officials but expressed uncertainty regarding US involvement in military actions.

Iran’s nuclear weapon

Many in Israel and the West suspect that Fordow is part of Iran’s nuclear weapon development, a claim that Iran denies.

President Donald Trump left the G7 summit early due to this ongoing conflict and convened a national security meeting at the White House.

The meeting, which lasted nearly two hours, included key security figures such as CIA Director John Ratcliffe and Director of National Intelligence Tulsi Gabbard.

Reports suggest that Trump is considering the use of a “bunker buster” bomb against Fordow.

News

Trump says it was a mistake to exclude Putin as G7 leaders meet

G7 leaders clash with Trump on tariffs while struggling for unity amid the escalating Israel-Iran conflict.

Published

24 hours ago

June 17, 2025

Ahron Young

G7 leaders clash with Trump on tariffs while struggling for unity amid the escalating Israel-Iran conflict.

G7 leaders confront President Trump over rising tariffs and a fragmented global economy.

But unity is also fraying over how to respond to the escalating Israel-Iran conflict, with world powers divided on a path forward.

The summit exposes deep divides at a time of urgent global crisis.

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News

Israel targets Iranian state TV in escalating airstrike

Israel’s airstrike on Iranian state TV disrupts live broadcast and damages uranium site, escalating tensions and prompting Iran to seek U.S. intervention for a ceasefire.

Published

24 hours ago

June 17, 2025

Ahron Young