What's Happening?
New data from Texas A&M AgriLife reveals mixed trends in Thanksgiving grocery prices. Turkey costs have surged by approximately 70% compared to last year, primarily due to the impacts of avian flu. While
potatoes and rolls have seen slight price increases, boneless ham prices remain stable. Notably, egg prices have dropped by more than 50%, offering some relief to consumers.
Why It's Important?
The sharp increase in turkey prices is a concern for consumers planning Thanksgiving meals, as it may affect budgeting and spending during the holiday season. The avian flu's impact on turkey supply highlights vulnerabilities in food production and distribution systems. Conversely, the decrease in egg prices provides a silver lining, allowing consumers to save on other meal components.
