Thanksgiving 2021 is shaping up to be the most expensive in history.
Prices of processed turkeys are up 40.7 percent compared with a year ago, data from the Department of Labor’s Producer Price Index showed Tuesday. That’s even after falling a seasonally adjusted one percent in October.
It may be hard to even find turkeys in some parts of the country this year. The Wall Street Journal reported that turkeys were 60 percent out of stock. Cranberries, yams, and sweet potatoes are also low in stock.
Grain prices are 40.8 percent higher than a year ago, driving up the prices of our largely grain-fed turkey crop. Beef and veal prices are up 41.5 percent compared with a year ago. Overall, food prices are running 10.5 percent higher than a year ago.