Wednesday, October 26, 2022

Thank$giving 2022


I'm all in favor of chicken this year ( as if that's any cheaper) or maybe something in the crockpot.  

I have the receipts for your oh, duh thanks moment: Thanksgiving  2022 is going to cost more 

Take a look according to the American Farm Bureau Federation (AFBF), the typical Thanksgiving dinner includes the staples of a 16-pound turkey, a gallon of milk, potatoes, ham, and dinner rolls - you guessed it up.  

U.S. Department of Agriculture (USDA) data (pdf) show that an 8- to 16-pound turkey costed $1.99 per pound last week, up from $1.15 a year ago. This represents almost a 75 percent increase. 

Boneless ham has increased 13.6 percent in September from a year ago to $5.50 per pound, data from the Bureau of Labor Statistics (BLS) show. White potatoes have spiked 27.7 percent to $1.02 per pound, while white bread has climbed 10.7 percent to $1.75 a pound. A gallon of fresh whole milk has surged 16.6 percent to $4.18. 

The wide range of miscellaneous ingredients has also increased at a significant rate over the last year, including butter (26.6 percent), flour (24.4 percent), spices and seasoning (13.8 percent), sugar (17.1 percent), sauces and gravies (16.3 percent), and coffee (15.7 percent). 

Overall,  suprise ,food prices have soared over the last year, with the BLS food index climbing at an annualized pace of 11.2 percent. Grocery store prices spiked 13 percent year-over-year in September, while the cost of visiting a restaurant has risen 8.5 percent compared to the same time a year ago. 

Happy Thanksgiving Everyone !!! 




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