Americans looking to buy Thanksgiving turkeys, cranberry sauce and mashed potatoes this year will be hit with a much higher bill than they experience the last holiday season.
Under President Joe Biden, inflation has steadily risen all year, and the latest data shows things are unlikely to improve anytime soon.
My father-in-law owns a meat packing plant in Michigan. He’s here with me for Thanksgiving. Just showed me his turkey pricing increase: January 2020 $1.15 a pound. January 2021 it’s now $3.73 for the same turkey per pound. Insane. Direct inflation tax to customers.
— Clay Travis (@ClayTravis) November 23, 2021
Inflation is a soul-crushing, job-killing tax on hardworking Americans.
Here’s how Americans are feeling the consequences of Pres. Biden’s spending-and-borrowing spree this Thanksgiving. pic.twitter.com/DE8PCw1GJf
— John Kennedy (@SenJohnKennedy) November 22, 2021
Even the New York Times reported that “This year’s Thanksgiving feast will wallop the wallet.”
Federal data shows inflation has risen the fastest in decades.
“The all items index rose 6.2 percent for the 12 months ending October, the largest 12-month increase since the period ending November 1990,” the Bureau of Labor Statistics said. “The index for all items less food and energy rose 4.6 percent over the last 12 months, the largest 12-month increase since the period ending August 1991. The energy index rose 30.0 percent over the last 12 months, and the food index increased 5.3 percent.”
Whether Biden can get the inflation under control next year remains to be seen.
“One-party Democrat rule “brought us inflation we haven’t seen in 31 years,” said Republican leader Rep. Kevin. McCarthy, R-Calif. “Gas prices the highest it’s been…a Thanksgiving that’s gonna cost you more than any time in your life. A border [with] 1.7 million encounters.”
— House Republicans (@HouseGOP) November 19, 2021