USA.- USA celebrates most expensive Thanksgiving dinner after record growth of 14%

U.S.A.USA.- USA celebrates most expensive Thanksgiving dinner after record...

11-22-2018 Thanksgiving Turkey Economy Policy

Madrid, 25 (Europa Press)

American families will have to shell out more pockets than usual to celebrate the traditional ‘Thanksgiving Day’ dinner this year, as the average price of a typical menu this holiday has increased by 13.7% over the previous year, according to the American Farmers Federation. (AFBF), the highest year-on-year growth since at least 1986.

As such, the cost of the feast, which will gather American families around the table this Thursday, is set at $53.31 (47.52 euros) in the case of a dinner for ten people, which means less than $6. Cost per person, compared to a cost of $46.90 (41.80 euros) for dinner last year.

The ‘lobbies’ of American farmers and ranchers, whose figures date back to 1986, highlight that the main factor behind this record increase in the cost of dinner is a 23.7% increase in the price of turkey, a staple of the feast. element is. Heads up to $23.99 for a 16-pound piece, up from $19.39 in 2020.

“A number of factors contributed to the increase in the average cost of Thanksgiving dinner this year,” said Veronica Nigh, senior economist at AFBF, referring to the impact on prices of the country’s economy and disruptions in supply chains over the past 20 months. As well as from inflationary pressures, difficulty predicting demand during the pandemic, and high global demand for food.

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In addition, the Economist said, “The trend of consumers to cook and eat at home due to the pandemic has led to increased demand in supermarkets and increased retail food prices compared to pre-pandemic prices in 2020 and 2021.” “

The US markets will be closed this Thursday for Thanksgiving and with this Friday, ‘Black Friday’, they will only open half the session.

The Consumer Price Index (CPI) of the United States stood at 6.2% last October, representing an increase of eight tenths compared to September and the highest rate recorded in the country since November 1990.

Food prices rose 5.3% annually in the tenth month of the year, seven tenths higher than the previous month. Inflation, on the other hand, rose to 30% from 24.8% in September.

Thus, without taking into account the effect of energy and food prices, the core inflation rate in the United States was 4.6%, six tenths higher than the previous month.

In monthly terms, inflation rose by 0.9% in October, as against 0.4% in September. The underlying data rose 0.6%, up four tenths from the previous month.

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