shadow of inflation

Overseas Network, November 21. Comprehensive US media “Capitol Hill” website and CNN reported on the 20th that the shadow of inflation in the United States has not receded, and high prices will affect the next Thanksgiving holiday. The average cost of a Thanksgiving dinner for 10 people has risen about 20 percent, the highest increase in the 37 years the survey has been conducted, according to a survey.

The average price of a classic Thanksgiving dinner for 10 people this year is $64.05, about 20% higher than the $53.31 in 2021, according to the report released by the American Farm Bureau Federation (AFBF), the 37th year since the AFBF conducted the survey , the highest average cost of a Thanksgiving meal. The price of turkey, which is essential for American Thanksgiving dinner, is about 21% higher than last year. The average price of a 16-pound turkey is $28.96, or $1.81 per pound.

Not only is the price of Thanksgiving dinner skyrocketing, but so is the cost of travel. CNN reported that airfare prices are up 40% on average from last year, with outbound travelers spending an average of $289 one-way. Due to the sharp rise in air ticket prices and the difficulty of finding a seat, many Americans choose to drive for vacation. The American Automobile Association estimates that 49 million people will travel by car this year, compared to 4.5 million by air. But U.S. gasoline prices are still 8% higher than last year, and hotel and car rents are also higher than in previous years.

The inflation rate in the United States has risen sharply this year, reaching a 40-year high. Although consumer prices cooled in October, the annual growth rate still reached 7.7%, and high prices still made the American people overwhelmed during the upcoming Thanksgiving holiday.

By Admin