Thanksgiving is next week, and families are looking forward to gathering in person this year.
The cost of turkey is set to surpass the all-time record and it’s almost twice the usual price to ship sweet potatoes.
The receipt for a Thanksgiving turkey and all of the delectable sides will cost 4 to 5 percent more, economist say. It’s not just the food that costs more, even the price is up for the throw-away aluminum pans popularly used for the holiday.
Due to the supply-chain backup, aluminum prices are touching a 10-year high. Steel prices are up more than 200%, as well, which means your can of cranberry sauce will cost more, too.
Alcohol prices are also expected to be higher, but not necessarily for what’s inside the bottle. Shortages of bottles, labels and corks are driving prices upward.
In comparison to last year, Thanksgiving dinner was the lowest it had ever been since 2010, the American Farm Bureau reported in 2020.
Last year, “Thanksgiving feast for 10 remains affordable at $46.90 or less than $5.00 per person,” the Farm Bureau reported. “This is a $2.01 decrease from 2019’s average of $48.91.”
Some tips to try to save a little money on your Thanksgiving meal include making a turkey breast instead of the whole bird and asking guests to pitch in with dishes of their own.