The cost of many items on Americans’ traditional Thanksgiving holiday grocery list have been rising faster than the increase of inflation for all items, in general, and this year is no different.
Over past year, the Consumer Price Index (CPI) for all items is up 3.2%, before seasonal adjustment, CNSNews reported Tuesday following the release of U.S. Bureau of Labor Statistics (BLS) data comparing October 2023 to October 2022.
Some of the Thanksgiving meal items experiencing price hikes surpassing the nation’s CPI increase include:
- Uncooked Poultry, such as turkey: up 7.2%
- Sauces and gravies: up 7.5%
- Bread: up 6.3%
- Crackers, bread, and cracker products up: 6.0%
The price increases for several Thanksgiving treats and sweets have also exceeded inflation:
- Cookies up: 5.1%
- Fresh cakes and cupcakes up: 4.4%
- Fresh sweetrolls, coffeecakes, doughnuts up: 5.1%
- Sugar and sugar substitutes up: 8.8%
- Candy and chewing gum up: 5.9%
- Frozen and refrigerated bakery products, pies, tarts, turnovers up: 2.7%
Meanwhile, the cost of eating out has risen 5.4% from last year, outpacing the CPI by more than two percentage points.