Talking Turkey — Prices

11/26/18
 
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from TPPF,
11/21/18:

What to Know: The cost of a Thanksgiving meal continues to decline.

“Dropping prices have brought the cost of a Thanksgiving meal to an eight-year low, said the American Farm Bureau Federation,” CBS News reports. “This year, the average nationwide cost of a holiday meal for 10 people is $48.90, or less than $5 per person, according to the farm group’s annual survey. That’s a 22-cent decrease from last year’s average. The bureau has been tracking the price of a basket of Thanksgiving groceries since 1989. Adjusting for inflation, this year’s spread would have cost just $19.37 at that time.”

The TPPF Take: Americans are thankful for lower prices and a booming economy.

“Families don’t have to fret as much this year on the cost of Thanksgiving as food prices are the lowest in eight years,” says TPPF’s Vance Ginn. “Combine that with abundant jobs and wage growth supported by tax and regulatory cuts, Americans have much to be thankful for when they spend time with loved ones this year.”

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