{"id":924858,"date":"2021-10-26T14:14:34","date_gmt":"2021-10-26T18:14:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=924858"},"modified":"2021-10-26T14:14:37","modified_gmt":"2021-10-26T18:14:37","slug":"thanksgiving-just-got-more-expensive","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thanksgiving-just-got-more-expensive\/","title":{"rendered":"Thanksgiving Just Got More Expensive"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthanksgiving-just-got-more-expensive%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=924858&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"p1\">Americans can expect a pricey Thanksgiving this year, due to severe inflation and shortages that have begun to cripple the wallets of people already struggling to make ends meet in the current economy.<\/p>\n<p class=\"p1\">A recent New York Times <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/dining\/thanksgiving-inflation-supply-chain-food-costs.html\">report<\/a> found that \u201cThanksgiving 2021 is shaping up to be the most expensive meal in the history of the holiday.\u201d<\/p>\n<p class=\"p1\">The issue won\u2019t just affect food items, but also materials that are commonly used in Americans\u2019 Thanksgiving preparation.&nbsp;<\/p>\n<p class=\"p1\">In August, The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/aluminum-notches-decade-highs-on-soaring-demand-snarled-supplies-11630311034?mod=hp_lead_pos5?utm_source=markets&amp;AID=11557093&amp;PID=6415797&amp;SID=undefined%7C163525937549443t6783r&amp;subid=Business+Insider&amp;cjevent=01aeb8e8366b11ec82e26b2f0a1c0e0c&amp;tier_1=affiliate&amp;tier_2=moa&amp;tier_3=Business+Insider&amp;tier_4=3861930&amp;tier_5=https:\/\/www.wsj.com\/articles\/aluminum-notches-decade-highs-on-soaring-demand-snarled-supplies-11630311034?mod=hp_lead_pos5?utm_source=markets\">reported<\/a> the cost of aluminum had skyrocketed, \u201creaching 10-year highs\u201d due to shortages and delays in shipping. At the time, The Journal noted that there was plenty of aluminum for the world to use, but it was stuck in Asia. American and European buyers couldn\u2019t get access to it due to issues at ports like container shortages and massive amounts of orders.&nbsp;<\/p>\n<p class=\"p1\">Agricultural economics experts, heads of groceries, and farmers are saying that almost everything that goes into a typical American Thanksgiving feast will be more expensive in 2021.&nbsp;<\/p>\n<p class=\"p1\">A recent October U.S. Bureau of Labor and Statistics <a href=\"https:\/\/www.bls.gov\/opub\/ted\/2021\/consumer-prices-for-meats-poultry-fish-and-eggs-up-10-5-percent-for-year-ended-september-2021.htm\">report<\/a> revealed:<\/p>\n<p class=\"p1\">For the year ended&nbsp;September 2021, the Consumer Price Index for All Urban Consumers increased 5.4 percent. Over that period, prices for food at home increased 4.5 percent, driven by a 10.5-percent increase in prices for meats, poultry, fish, and eggs.&nbsp;Prices for food away from home increased 4.7 percent.<\/p>\n<p class=\"p1\">The Consumer Price Index <a href=\"https:\/\/www.bls.gov\/opub\/ted\/2021\/consumer-prices-for-meats-poultry-fish-and-eggs-up-10-5-percent-for-year-ended-september-2021.htm\">showed<\/a> that from last September 2020 to this September, \u201cprices increased for cereals and bakery products (+2.7 percent), fruits and vegetables (+3.0 percent), and nonalcoholic beverages and beverage materials (+3.7 percent). Prices for dairy and related products increased 0.6 percent.\u201d&nbsp;<\/p>\n<p class=\"p1\">Turkey will also likely be more expensive this year with some <a href=\"https:\/\/www.consumerreports.org\/holiday-planning-preparation\/prepare-for-thanksgiving-early-a8993176118\/\">reports<\/a> showing that fresh turkey production is set to be down 1.4%, an effect some <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/dining\/thanksgiving-inflation-supply-chain-food-costs.html\">attribute<\/a> to the <a href=\"https:\/\/www.wattagnet.com\/articles\/43228-high-feed-costs-lead-to-lower-turkey-profitability\">high price of corn<\/a> to feed the animals.<\/p>\n<p class=\"p1\">A USDA <a href=\"https:\/\/www.ams.usda.gov\/mnreports\/pytturkey.pdf\">report<\/a> from last week showed that the price of frozen turkeys was already up from last year. The price of fresh birds is also up.&nbsp;<\/p>\n<p class=\"p1\">As The New York Times reported:&nbsp;<\/p>\n<p class=\"p1\">Packaged dinner rolls will be pricier because the cost of almost all of the ingredients that commercial bakers use has gone up. Canned cranberry sauce will cost more because&nbsp;<a href=\"https:\/\/www.nytimes.com\/2021\/05\/21\/business\/steel-prices-boom.html\">domestic steel plants&nbsp;<\/a>have yet to catch up after pandemic shutdowns, and China is&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/energy\/what-does-chinas-power-policy-shift-mean-metal-makers-other-energy-hogs-2021-10-13\/\">limiting steel production<\/a>&nbsp;to reduce carbon emissions. As a result, steel prices have remained more than 200 percent higher than they were before the pandemic.<\/p>\n<p class=\"p1\">Inflation has severely impacted<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans can expect a pricey Thanksgiving this year, due to severe inflation and shortages that have begun to cripple the wallets of people already struggling to make ends meet in the current economy.A recent New York Times report found that \u201cThanksgiving 2021 is shaping up to be the most expensive meal in the history of the holiday.\u201dThe issue won\u2019t just affect food items, but also materials that are commonly used in Americans\u2019 Thanksgiving preparation.\u00a0In August, The Wall Street Journal reported the cost of aluminum had skyrocketed, \u201creaching 10-year highs\u201d due to shortages and delays in shipping. At the time, The Journal noted that there was plenty of aluminum for the world to use, but it was stuck in Asia. American and European buyers couldn\u2019t get access to it due to issues at ports like container shortages and massive amounts of orders.\u00a0Agricultural economics experts, heads of groceries, and farmers are saying that almost everything that goes into a typical American Thanksgiving feast will be more expensive in 2021.\u00a0A recent October U.S. Bureau of Labor and Statistics report revealed:For the year ended\u00a0September 2021, the Consumer Price Index for All Urban Consumers increased 5.4 percent. Over that period, prices for food at home increased 4.5 percent, driven by a 10.5-percent increase in prices for meats, poultry, fish, and eggs.\u00a0Prices for food away from home increased 4.7 percent.The Consumer Price Index showed that from last September 2020 to this September, \u201cprices increased for cereals and bakery products (+2.7 percent), fruits and vegetables (+3.0 percent), and nonalcoholic beverages and beverage materials (+3.7 percent). Prices for dairy and related products increased 0.6 percent.\u201d\u00a0Turkey will also likely be more expensive this year with some reports showing that fresh turkey production is set to be down 1.4%, an effect some attribute to the high price of corn to feed the animals.A USDA report from last week showed that the price of frozen turkeys was already up from last year. The price of fresh birds is also up.\u00a0As The New York Times reported:\u00a0Packaged dinner rolls will be pricier because the cost of almost all of the ingredients that commercial bakers use has gone up. Canned cranberry sauce will cost more because\u00a0domestic steel plants\u00a0have yet to catch up after pandemic shutdowns, and China is\u00a0limiting steel production\u00a0to reduce carbon emissions. As a result, steel prices have remained more than 200 percent higher than they were before the pandemic.Inflation has severely impacted Americans all across the country, and the Biden administration\u2019s response to shipping supply issues and rising costs has frustrated much of the public. \u00a0Last week, White House Press Secretary Jen Psaki was criticized after she seemed to make light of shipping delays impacting Americans when she was asked about the things President Joe Biden has done in order to address supply chain issues.\u00a0A reporter asked, \u201cSo just a question on the timing on the supply chain issue\u2026actions that the President has taken. It was clear in March of 2020, when COVID hit, that the supply chains across the world had been disrupted.\u00a0Even as the sort of work to fight back against COVID proceeded, people \u2014 it was crystal clear that things were not improving on the supply chain.\u00a0 People couldn\u2019t get dishwashers and furniture and treadmills delivered on time, not to mention all sorts of other things.\u00a0So why is it \u2014\u201dPsaki interjected, \u201cThe tragedy of the treadmill that\u2019s delayed.\u201dThe administration seemed to downplay the effects of inflation earlier in the year, but over the weekend, \u201cTreasury Secretary Janet Yellen warned during a CNN interview with Jake Tapper\u2026that inflation would continue to remain late into next year,\u201d as The Daily Wire reported.\u00a0\u201cSo let me ask you about that, because this rising inflation is hitting Americans\u2019 wallets hard, impacting everything from gas prices to groceries,\u201d Tapper said on CNN\u2019s \u201cState of the Union.\u201d\u00a0\u201cWhen do you expect the inflation to get back to the 2 percent range, which is considered normal?\u201d Tapper asked. \u201c2022? 2023? When?\u201d\u00a0\u201cWell, I expect that to happen next year,\u201d Yellen responded. \u201cMonthly rates of inflation have already fallen substantially from the very high rates that we saw in the spring and early summer. On a 12-month basis, the inflation rate will remain high into next year because of what\u2019s already happened. But I expect improvement by the end of \u2014 by the middle to end of next year, second half of next year.\u201d\u00a0Yellen later conceded that \u201cwe are going through a period of inflation that\u2019s higher than Americans have seen in a long time.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-924858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/924858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=924858"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/924858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=924858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=924858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=924858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}