NEW YORK / LONDON (IT BOLTWISE) – This year’s Thanksgiving celebrations could be more expensive for many Americans. In particular, the price of turkey, the traditional main dish, has risen sharply. Other foods such as beef and canned goods are also affected by price increases. Experts recommend buying early and using private labels to keep costs down.
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Preparations for this year’s Thanksgiving holiday in the USA are marked by rising food prices. In particular, the price of turkey, the traditional main dish, has seen a significant increase. According to the U.S. Department of Agriculture, wholesale turkey prices are up 40% compared to last year. This development is due to bird flu outbreaks and increased demand.
Other types of meat such as beef are also affected by price increases. Beef prices have increased by almost 15%, also due to increased demand and increased production costs. Consumers who want to rely on alternatives to turkey must therefore be prepared for higher expenses.
Another factor contributing to the increased prices is the cost of canned goods. These are up 5% due to tariffs on steel and aluminum that increase packaging costs. President Trump has said he will roll back some of these tariffs to stabilize prices. However, experts such as David Ortega of Michigan State University warn that this will not completely lower prices, but will simply slow price increases.
To keep Thanksgiving meal costs in check, experts recommend consumers buy fresh produce instead of canned products because they are not affected by packaging costs. In addition, consumers should buy early and choose private labels in order to benefit from possible discounts and special offers. Careful meal planning and making a shopping list can also help avoid impulse purchases and control spending.
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