Recently, due to strong consumer demand and labor shortages, the Thanksgiving dinner in the United States has not been spared from price increases.
According to estimates by the American Farm Bureau, a Thanksgiving meal for 10 people this year, including sweet potatoes, bread rolls, vegetable plates and cream pies, will cost $53.31, a 14% increase from the same period last year.
This is an unusual price peak, because before this year, the cost estimates for Thanksgiving each year have been declining since 2015.
According to data from the USDepartment of Agriculture, in mid-November, the average wholesale price of an 8- to 16-pound frozen turkey was $1.35 per pound, a 21% increase from a year ago.
For other staple foods, weather conditions have also exacerbated labor shortages.
Despite this, many retailers facing their own cost pressures are still reducing their Thanksgiving promotions.
According to statistics, in the week before Thanksgiving, the number of stores offering turkey specials in the United States was at the lowest level since 2017.
It is speculated that the increase in turkey prices may continue until 2022, as feed costs as well as labor and transportation costs are still rising.
For some shoppers, the biggest concern this year is not the price, but the availability of turkey.
(Producing Zhou Jing)
Editor in charge: [Ji Xiang]