People shop for frozen turkeys for Thanksgiving dinner at a grocery store in Mount Prospect, Ill., Wednesday, Nov. 17, 2021. First, the good news: There is no shortage of whole turkeys in the U.S. this Thanksgiving. But those turkeys along with other holiday staples like cranberry sauce and pie filling could cost more. (AP Photo/Nam Y. Huh) (Nam Y. Huh, Copyright 2021 The Associated Press. All rights reserved.)
Inflation appears poised to gobble up this year’s Thanksgiving budgets, as U.S. food prices continue to soar.
The cost of all food climbed 11.2% in September compared with last year, with the cost of food at home like groceries climbing 13% year on year.
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Leading the food price increases over the past 12 months: margarine, up 44%; flour and prepared flour mixes, up 24.2%; frozen and refrigerated bakery products like pies, tarts and turnovers, up 20.4%.
