Thanks to Brandon, Thanksgiving was 20% more expensive than last year’s.
A new report from Datasemby reveals that, like everything else under Brandon, Christmas meals are also going to cost more this year…at least 16.4% more.
The holiday dinner grocery basket is estimated to cost an average of $60.29, according to data from Datasembly.
That’s 16.4% higher than last year’s basket when comparing the same exact basket of goods. It’s also double the year-over-year increase reported last year at 8.2%, according to the retail data firm.
For its analysis, Datasembly analyzed the year-over-year price differences for 13 unique products across four major retailers — Albertsons, Kroger, Target and Walmart. All the products increased in price, but the firm noted that there were fluctuations depending on which food category the product belongs in.
The 13 products included stuffing mix, corn, green beans, frozen apple pie, whipped topping, butter, cranberry sauce, bone-in spiral-cut ham, egg nog, homestyle biscuits, russet potatoes, white frozen young turkey and homestyle roasted turkey gravy.
According to the data, biscuits had the highest price increase year-over-year, rising 47.7%. Butter and russet potatoes weren’t far behind with prices rising 38% and 32.6%, respectively, the data showed.
The report comes at a time when consumers struggle to afford gifts this holiday season.
According to an AP-NORC Center for Public Affairs Research poll, 57% of U.S. adults indicated that affording gifts has been “harder” this year, which is up 17% from the same time last year. Only 2% reported that it was easier.
Christmas meals will cost 16.4% more this year https://t.co/iKMmxrfQMb
— FOX Business (@FoxBusiness) December 17, 2022