Without a doubt, the protagonist of Thanksgiving dinner is the turkey as the main dish of the night. Since inflation began to hit the pockets of Americans more than two years ago due to the covid pandemic, Americans have had to spend more to buy this product.
According to a report of Wells Fargo, turkey prices are projected to increase up to 23% compared to the fourth quarter of last year. In addition, in the analysis, he indicated that turkey supplies will be “more limited” due to the continuous impacts of avian influenza.
“Turkey prices rose after the avian flu wiped out cattle earlier this year. Although the inventory has recovered, the cost per pound will be higher”, reported Wells Fargo.
According to the study, which was based on the Consumer Price Index, the issue of poultry health has had repercussions in an increase in the prices of one of its derivatives, the egg, which rose 32.5%, this had an impact on other groceries such as butter which rose 25.8%, the flour also increased by 17.1%.
The products mentioned are also essential for the preparation of Thanksgiving dinner , so turkey is not the only food that will have a significant impact on the pockets of American families in the coming weeks.
On the other hand, fruits and vegetables have had the lower cost increase, according to the Consumer Price Index, price increases are around 7.3%, so they will not have a large expense to prepare salads and l The potatoes that accompany the turkey.
Under the scenario that Americans face greater spending on the preparation of the traditional dinner, Wells Fargo considered that it is necessary to make comparisons of prices in different establishments in order not to spend more than expected.
On the other hand, the service firm Financial suggests that families, especially those that are not so large, explore the possibility of dining out, since according to their study in restaurants, prices have not skyrocketed to large dimensions, so it could be an option.
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