NEW YORK: The cost for a turkey this Thanksgiving holiday is at a record high in the United States, as an ongoing bird flu outbreak wipes out supplies.
The confluence of factors is eating into Thanksgiving budgets, and it is not just the cost of turkey that has gone up. “It's about the hyperinflation of the food market. It's about high feed costs, it's about high labour costs, and it's about high fuel.”At gourmet grocer Zabar’s, a New York staple for more than 80 years, the week leading up to Thanksgiving is usually their busiest of the year.
October’s consumer price index showed that inflation may be showing signs of cooling in the US, but food prices still saw an uptick of 10.9 per cent year-on-year. Another resident said: “I’m not buying turkey. I’m going to do a vegan turkey and vegetables because they’re cheaper.”Analysts said these high prices will likely impact consumer behaviour, but they still expect full tables and generous portions when people gather around the thanksgiving table this week.
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