One thing many families may not be thankful for come this Nov. 25 is the price of food.
Inflation continues to gobble up more of our paychecks, with the latest federal data showing grocery prices are up 4.5% over the last year at this time.
And, unfortunately, that’s just an overall figure. Specific Thanksgiving staples have seen even steeper price increases over the past year.
As you plan your Thanksgiving meal, be prepared to spend more on or find substitutes for the following items — or simply leave them off this year’s menu.
It’s hard to imagine a Thanksgiving meal without butter — everything from stuffing to pie and cornbread to mashed potatoes uses the stuff, and it’s commonly in many other popular recipes.
As of Oct. 29, the USDA reported the average advertised price for 1 pound of butter at major supermarkets nationwide was $3.36, an increase of 7% compared with a year ago.
As with butter, eggs feature in a wide variety of holiday baked goods — not to mention those delicious deviled eggs.
Pass the cranberry sauce, even if it is pricey.
The typical 12-ounce bag of the berries this year will run about $2.29, according to the latest USDA data. That’s a 7.5% increase over last year at this time.
Who isn’t grateful for a plateful of these carbs on Thanksgiving? However you prepare them, though, expect to pay more.
The price per pound of Russet potatoes is up to $0.97, a 21% increase from one year ago.
The per-pound price of other varieties of potato tracked by USDA are all up, too.
Sadly, the holiday centerpiece has also been a victim of inflation.
The price of a whole frozen turkey is up to $1.13 per pound for hens (female turkeys) and $1.15 for toms (males), increases of about 14% and 16% for the year, respectively.
For those who prefer pork to poultry on Thanksgiving or think they might save by switching this year, the news is far worse.
The cost per pound of a spiral ham is now $2.62, a staggering 63% jump from a year ago.
And what to serve to top off the meal? Good ol’ apple pie? Many varieties of apples commonly used for baking are more expensive this year.
Granny Smith apples currently go for $1.29 per pound, an increase of about 17%. The classic honeycrisp variety is $1.95 per pound, up about 15%.
8. Ice cream
Many people enjoy a nice slice of apple pie a la mode, and that means we also scream over the price of ice cream.
The typical carton of ice cream now costs $3.13, a 10% increase compared with last year.
Foods that haven’t increased dramatically in price
Many things this year are more expensive, but there’s still plenty to be grateful for.
We found that federal data shows cheese and milk are actually the same or cheaper versus a year ago.
The price of sweet potatoes has shifted up by only 1 cent per pound since last year.
Green beans have come down to an average of $1.69 per pound from $1.86 last year.
The pumpkins used for pie are also much cheaper this year than last: $0.58 per pound on average compared with $1.52 per pound.
And if you’re stuck on apple pie, try using Fuji apples, which are 20 cents cheaper per pound than last year.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.