Global supply-chain issues continue to wreak havoc on everything from car sales to soybeans
The cost of this year’s Thanksgiving dinner has soared, but smart shoppers have options.t’s been a wild year for rising food prices, thanks to inflation, trucking shortages and supply chain breakdowns. Heading into the most important food holiday of the year, those pressures have recently pushed up some Thanksgiving ingredient prices by double-digits over last year’s costs.
“We have a lot to be thankful for, but I don’t think anyone is thankful for these higher prices. You just are not getting a break as a consumer. It’s rising prices across the entire store,” says Carman Allison, NielsenIQ’s vice president of sales development. , and inflation has surged in many countries around the world. The USDA reported last week that wholesale turkey prices remain at all-time highs, but that isn’t translating overall to what’s priced on shelf. Wholesalers and retailers are eating the cost and continuing to discount in stores.