Thanksgiving dinner offers a glimpse into how we're doing on inflation

Published On Nov 28, 2024, 4:55 AM

The cost of Thanksgiving dinner has decreased for the second consecutive year, with the average price for a meal serving 10 people estimated at $58.08, down 5% from last year. Key factors driving this reduction include a decrease in turkey prices, despite previous supply issues due to bird flu. However, prices are still significantly higher compared to 2019, and many Americans are still feeling the effects of inflation, leading them to adjust their holiday spending and dining choices.

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The decrease in Thanksgiving dinner costs indicates a potential easing of overall inflationary pressures in the food sector. Investors might expect continued moderation in food inflation, which could positively impact consumer discretionary spending.

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