The highlight that kicks off this family event is the presidential pardoning of the turkey. This year, Joe Biden even saved two. Peach and Blossom don’t know it and may not care, but they cost less. The price of turkey, the central dish of the traditional dinner, has dropped 6% compared to last year.
“Production is at its lowest level since 1985 because of bird flu, but overall demand has also fallen, resulting in lower prices,” says economist Bernt Nelson of the American Farm Bureau Federation, the largest agricultural organization. big of the country.
Prices of other key foods in this meal are also falling. Result: Thanksgiving will cost Americans on average 5% less compared to 2023. Average cost of this year’s dinner for 10 people: $58.08, or $5.80 per person.
But in the meantime, inflation is rising again. It recovered in October (+2.3% in one year, compared to 2.1% in September). If these results are in line with analyst expectations, Americans are still paying 22% for their purchases compared to when Joe Biden took office in January 2021.
And that’s what they remember. The cost of living was at the center of the presidential campaign. He played a very important role in Donald Trump’s victory. Many voters punished Democrats, holding them responsible for rising prices. Republicans even talked about “Bidenflation.”
According to exit polls, those who voted for Donald Trump did so primarily because they believe he is better able to fix the economy and lower food prices.
Will Thanksgiving be more expensive in 2025?
Except Thanksgiving might cost more under his presidency. The table has not yet been set when a part of the American press is already thinking about next year’s food. He worries about the impact of upcoming Republican policy on food prices. So that? For two main reasons:
The first is his promise to expel illegal immigrants en masse. The American food industry has long relied heavily on this cheap labor. His expulsion would force employers to increase wages to attract workers. These costs would then be passed on to consumers. A domino effect that could increase the price of agricultural products by 5 to 10%.
And then there is the question of customs duties. Donald Trump already confirms that he wants to impose 25% tariffs on all products entering Mexico and Canada, from the day he takes office.
It could also lead to shortages of some traditional Thanksgiving foods. So while we wait to see if this is confirmed, there is only one thing left to do: enjoy your food. One media outlet even recommends its readers “savor the last bite of a sumptuous meal.”
Source: BFM TV
