November 23, 2021 — A new survey shows that inflation that is sending seafood prices higher may discourage Americans from indulging during the Thanksgiving holiday.
The price of meats, poultry, fish, and eggs increased 11.9 percent in October, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index. As a result, 78 percent of consumers say rising prices will impact their Thanksgiving grocery shopping, and 37 percent expect higher costs to have a significant impact on their food spending, according to new survey data from Numerator. Fourteen percent of shoppers said they will not purchase turkey for Thanksgiving this year, while 16 percent said they will omit meat and seafood. And 21 percent said they will reduce the size of their Thanksgiving gathering this year due to rising prices.