Preparing to eat turkey today? Thanksgiving meal costs skyrocket - Phoenix Business Journal

By Haley Smilow – Cronkite NewsWASHINGTON – Consumers faced “historically high” prices for their Thanksgiving meal ingredients this year, with experts urging them to plan ahead, look for deals and be ready to substitute traditional foods for something cheaper. of the typical fixings for Thanksgiving estimates that a traditional meal for 10, with turkey, stuffing, cranberry sauce and more, will cost $71.88 this year, a stunning 45% increase from last year’s total bill of $49.62.

Turkey saw the biggest increase, with the price of a 16-pound bird expected to go from $19.40 last year to $32.02 for Arizona shoppers. Murphree said one reason for the higher prices is the which has led the loss of 50 million poultry nationwide, including 8 million turkeys, according to the U.S. Department of Agriculture.

But Kahn said he has to ensure his business stays profitable in the face of rising water costs, grain costs and gas prices. “All of that contributes to the fact that we have to raise our prices,” he said. “The biggest thing that has been impacting the vegetable industry is lack of labor, and that’s one of the biggest reasons you’re seeing price increases in vegetables,” said Hitendra Chaturvedi, a professor of supply chain management at Arizona State University’s W.P. Carey School of Business.

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Preparing to eat turkey today? Thanksgiving meal costs skyrocket - Phoenix Business JournalThe Arizona Farm Bureau’s annual market basket survey of the typical fixings for Thanksgiving estimates that a traditional meal for 10, with turkey, stuffing, cranberry sauce and more, will cost $71.88 this year, a stunning 45% increase from last year’s total bill of $49.62 — twice as high as the national average.
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Preparing to eat turkey today? Thanksgiving meal costs skyrocket - Phoenix Business JournalThe Arizona Farm Bureau’s annual market basket survey of the typical fixings for Thanksgiving estimates that a traditional meal for 10, with turkey, stuffing, cranberry sauce and more, will cost $71.88 this year, a stunning 45% increase from last year’s total bill of $49.62 — twice as high as the national average.
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