US families celebrate the most expensive Thanksgiving dinner since 1986

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This year at american families it will touch them ‘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 the data provided by the Federation of Farmers of America (AFBF).

Thus, the cost of the feastwhich 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 peoplewhich implies 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 thes American farmers and rancherswhose statistics go back to 1986, emphasizes that the main factor behind this rise dinner cost record is the increase in cost 20.7% of the price of turkeya key element of the feast, which has reached 28.96 dollars 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 a major contributing factor to the increase in the average cost of Thanksgiving dinner this year,” said the AFBF chief economist, Roger Cryanfor whom other factors such as the supply chain disruptions Y the war in Ukraine.

“Farmers are working hard to meet the growing demand for foodboth in USA as globally, while face rising prices for fuel, fertilizer and other inputs“he added Cryan.

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.

TheThe rise in the cost of energy moderated in October to 17.6% year-on-year from 19.8% in 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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