The Thanksgiving Grocery Bill Blues

The Thanksgiving Grocery Bill Blues

Haylie Shipp
Haylie Shipp
With your Southeast Regional Ag News, I’m Haylie Shipp. This is the Ag Information Network.

It’s not a secret that grocery prices are up and that many Americans are feeling that crunch this week.

Each year the American Farm Bureau Federation does a survey of the cost of Thanksgiving dinner for a group of 10. Now I’ll be the first to admit that this is often a little bit of a snooze of a report. A little up. A little down. Not all that much change.

But this year, I wish we were back to our sleepy little numbers. Roger Cryan, Chief Economist for the American Farm Bureau Federation…

“The traditional 12-item Thanksgiving basket for 10 people, this year on the average in the U.S. costs $64.05.”

They are literally comparing apples to apples, the same products and what they cost last year compared to the same product and what they cost this year. Overall, that was a 20% increase in that grocery bill…

“And last year was up 14% from the year before.”

General inflation, the biggest driving factor…

“Beyond that, food prices have risen. They’ve been affected by quite a number of things including supply chain issues. The war in Ukraine is affecting quite a few commodity prices over and above our general inflation rates. An it’s important to understand that farmers are feeling this pain as well.”

Feeling that pain with a doubling of fuel prices in many cases as well as, sometimes, a tripling for fertilizer expense.

Again Roger Cryan, American Farm Bureau.

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