US families celebrate the most expensive Thanksgiving dinner since 1986

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This year American families will get ‘scratch’ one’s pocket if they want to celebrate a dinner of the ‘Thanksgiving Day‘ at the height of last year, since the half price of the habitual menu of this festivity has increased by 20.1%. It represents the highest year-on-year increase since 1986according to data provided by the American Farmers Federation (AFBF).

In this way, the cost of the feast, which will bring together all American families around the table this Thursday, has been located at 64.05 dollars (61.91 euros) in the case of a dinner for ten people, which means a cost of $6.41 per personcompared to the cost of 53.31 dollars (51.53 euros) of last year’s dinner.

The ‘lobby’ of theyes American farmers and ranchers, whose statistics go back to 1986, stress that the main factor behind this record rise in the cost of dinner is the increase in cost 20.7% of the price of turkeya key element of the feast, which has reached $28.96 for a 16-pound (7.3 kg) piece, up from $23.99 in 2021.

Farmers face rising prices for fuel, fertilizer and other inputs

“The inflation that drastically reduces purchasing power of consumers is an important factor contributing to the increase in the average cost of Thanksgiving dinner this year,” said AFBF chief economist Roger Cryan, for whom other factors such as supply chain disruptions and the war in Ukraine.

“Farmers are working hard to meet the growing demand for foodboth in the United States and globally, while dealing with rising prices for fuel, fertilizer and other inputs,” Cryan added.

The Consumer price index (CPI) of the United States stood last October at the 7.7%half a percentage point below the rise in prices in September, thus chaining four months of moderation, until registering the least intense increase since last January.

The rise in the cost of energy moderated in October to 17.6% year-on-year from 19.8% the previous month. At the same time, food became more expensive by 10.9% annual figure, although it continues to be high, it is three tenths less than in September.

Thus, US core inflationwhich is the result of excluding food and energy prices from the calculation, stood at 6.3% in October, compared to 6.6% in September, going down like this a or,3%

Source: lainformacion.com

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