International Business: US Thanksgiving dinner cost jumps with inflation on the menu, though deals remain – Gulf Digital News

International Business: US Thanksgiving dinner cost jumps with inflation on the menu, though deals remain – Gulf Digital News

CHICAGO: Thanksgiving dinner will cost US consumers an average of 14% more this year in the biggest annual increase in 31 years, the American Farm Bureau Federation said, though shoppers can still find deals in grocery stores.

Rising food and gas prices are squeezing US consumers as the pandemic snarls global supply chains and the economic drag from the summer wave of Covid-19 infections fades.

The Farm Bureau, which represents US farmers and the broader agriculture industry, pointed to inflation and supply-chain disruptions for lifting the average cost of a Thanksgiving dinner for 10 people to $53.31 from a 10-year-low $46.90 in 2020. The cost is based on Farm Bureau shoppers who checked prices for turkey, cranberries, dinner rolls and other staples in stores from Oct. 26 to Nov. 8.